Overdraft/Courtesy Pay Opt-In

What You Need to Know about Overdrafts and Overdraft/Courtesy Pay Fees

An overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay it anyway.

We can cover your overdrafts in two different ways:

  1. We have standard overdraft practices that come with your account.
  2. We also offer overdraft protection plans, such as a link to a savings account which may be less expensive than our standard overdraft practices. To learn more, ask us about these plans.

This notice explains our standard overdraft practices.

What are the standard overdraft/courtesy pay practices that come with my account?

We do authorize and pay overdrafts/courtesy pay for the following types of transactions:

  • Checks and other transactions made using your checking account number
  • Automatic bill payments (ACH)

We do not authorize and pay overdrafts/courtesy pay for the following types of transactions unless you ask us to:

  • ATM transactions
  • Everyday debit card transaction

We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction.

If we do not authorize and pay an overdraft, your transaction will be declined.

What fees will I be charged if Partner Colorado pays my overdraft?

Under our standard overdraft/courtesy pay practices:

  • We will charge you a fee of up to $35.00 each time we pay an overdraft.
  • Courtesy Pay/Overdraft will only activate when a negative balance of $5.00 has been exceeded.
  • A maximum of 10 Courtesy Pay/Overdraft fees will be assessed per day.
  • By agreeing to have my overdrafts paid by the credit union, I acknowledge that I have a right to revoke or change my election at any time. The change request must be provided in writing.

What if I want Partner Colorado to authorize and pay overdrafts on my ATM and everyday debit card transactions?

To request courtesy pay/overdraft coverage for your ATM withdrawals and debit card purchases or more information please:

  • Complete the on-line form below and submit
  • Contact us at 303-422-6221
  • Contact us at info@eaglelegacy.org
Opt-In Form