COURTESY PAY POLICY

It is the policy of our financial institution to comply with applicable laws and regulations, and to conduct business in a SAFE and SOUND manner. We are not obligatedto pay any item presented for payment if the accountdoes not contain sufficient collected funds. However, if the accountholder is at least 18 years of age and the checking account has been open at least 60 days and maintained the account in good standing, Courtesy Pay may provide certain accountholders in “good standing”, with the ability to overdraw their checking account up to $500.00 including any Courtesy Pay fees.

If the member is at least 18 years of age and thechecking account has been open at least 60 days andmaintained in good standing, defined as

A) Makingregular deposits sufficient to cover transactions

B) Bringing the account to a positive balance at leastonce every thirty days or less

C) There are no legalorders outstanding on your account

D) There hasbeen no derogatory account history, and

E) Thereare no loan or credit card accounts more than thirtydays delinquent, we may, at the Credit Union’s solediscretion, pay their reason-able overdrafts as a noncontractual courtesy. These limits include the Non-Sufficient Funds and/or Courtesy Pay fee(s).

We may refuse to pay an overdraft at any time, regardless of previously paid overdrafts. The accountholder will be notified by mail of any Non-Sufficient Funds items paid or returned that the account may have. However, we have no obligation to notify the accountholder before we pay or return an item. The amount of any overdrafts, plus our Non-Sufficient Funds and/or Courtesy Pay fee(s) that the accountholder owes is due and payable upon demand. If we pay an overdraft on an account with more than one (1) owner on the signature card, each owner, and/or agent where applicable, drawing/presenting the item, thereby creating the overdraft, are jointly and severally liable for such overdrafts plus the Non-Sufficient Funds and/or Courtesy Pay fee(s). Checks may not be processed in the order in which they occurred
and the order in which transactions are received by the credit union and processed can affect the total amount of overdraft fees incurred.

Opt Out: An account may be removed from the Courtesy Pay program for members who do not wish to have Courtesy Pay protecting their account from overdrafts. At your request, your account can be removed from coverage of any future Courtesy Pay overdrafts. Any items clearing the account without Courtesy Pay and/or sufficient funds will be returned. A Non- Sufficient Funds fee will be charged. To opt out of the Courtesy Pay program, contact us at 407-425-2561 or write to Central Florida Postal Credit Union, Attn: Operations Manager, 301 East Michigan Street, Orlando, FL 32806 and inform us of your wish to be removed from Courtesy Pay.

Limitations: This feature is limited to personal checking accounts.
We reserve the right to not approve any overdrafts against any account until we can verify that the account is being maintained in good standing, as defined above.

Account Fees: Whether we pay or return a Non-Sufficient Funds item, a per-item fee will be charged to the account as a Non-Sufficient Funds or Courtesy Pay fee, as set forth in the Rate and Fee Schedule.

Courtesy Pay Disclaimer: Central Florida Postal Credit Union’s
Courtesy Pay plan is a non-contractual courtesy and is discretionary. It is not an obligation of the Credit Union and the Credit Union may refuse to provide the courtesy on any checking account, at any time, and from time to time. The accountholder does not have a contractual right to Courtesy Pay and Courtesy Pay is not guaranteed by the Courtesy Pay plan.