Payment Protection


Compare Options
Overdraft Protection
Courtesy Pay
Overview
Transfers money from your GTE Savings accounts or a personal line of credit to cover overdrafts.
Allows you to overdraw your checking account, to a limit, if funds are not available when a transaction posts*.
What items are covered?
  • Checks
  • Automatic payments (ACH)
  • PIN-based and signature-based debit card transactions
  • ATM transactions
  • Checks
  • Automatic payments (ACH)

Opt-In Required

  • PIN-based and signature-based debit card transactions
  • ATM transactions
What items are not covered?
Based on account history and activity, payment of overdrafts is discretionary and we reserve the right not to pay. Based on account history and activity, payment of overdrafts is discretionary and we reserve the right not to pay.
Cost
  • No charge to be enrolled
  • $7.00 per day when funds transferred from a savings account* No cost if you are Member Advantage
  • No fee for a line of credit transfer, however interest will accrue from the day of transfer
  • No charge to be enrolled
  • $35.00 per item Courtesy Pay
  • $35.00 per item NSF

Opt-In Required

  • $10 per item U22 Checking – debit card
Why choose this option?
  • You can use the funds available in a back-up savings to cover transactions when there is not enough for items posting to your checking account
  • You can avoid being denied at the register
  • Protection against incurring overdraft fees from merchants
  • Protects your credit history
  • Provides a safety net for emergency purchases if you do not have funds in your savings accounts as back-up
  • NO NSF FEE if the debit card purchase that overdraws your account is less than $5.00
  • You can avoid being denied at the register
  • Protection against incurring overdraft fees from merchants
  • Protects your credit history
*This free program is discretionary and opting-in does not guarantee transactions will be approved if funds are not available. The full amount of the overdraft balance plus related fees will be due immediately, but in no event more than 20 days after the date of the occurrence.