Overdraft Protection

At Calcasieu Teachers & Employees Credit Union, we understand that life happens and we want you to know that we are here for you when it does.

Whether you forgot about that payment that hasn’t posted yet or unexpected expenses pop up, the credit union is here to protect you from overdrawing your account. We offer various options to assist you when life happens…

Overdraft Protection (from Savings)

Save money and frustration by linking your savings account to your checking account and letting the credit union transfer the money when you forget about that bill that hasn’t posted or forgot to write down that after-school ice cream stop with the kids.

Automatically moves the money from your savings to the checking to cover these items¹, and
only costs a $5.00 fee²
$5.00 per overdraft transfer

1 Understanding Actual vs Available Balances: Actual Balance is the total amount of funds in your account. The Available Balance is the amount of funds minus holds on your account and reflects what you have available to spend. Many holds are beyond the credit union’s control and reflects items such as requirements of the payment networks that your transactions are processed through via the merchants with whom you choose to do business. Some holds may be due to a hold placed on a check that you deposited. Please see the credit union’s Funds Availability Policy for more information. If you exceed your Available Balance (even though the Actual Balance may be greater), you may overdraw your account. This may result in Insufficient Funds (NSF) Transactions, Returned Items, and Fees including Overdraft Service because of exceeding your Available Balance. You can view your Actual and Available Balances via Online Banking, Mobile Banking, visiting a branch, etc. For additional details, please refer to your membership and account agreement.

Courtesy Pay¹

Woman meditating over laptop

In addition to Overdraft Protection (from Savings), the credit union also offers a Courtesy Pay program. Courtesy Pay is a service to assist you with those bigger accidents and to save you from returning items and causing more fees and frustration with the individual or business you were trying to pay. Accounts using Courtesy Pay are charged a Courtesy Pay fee for handling each overdraft created by check, ACH, Point-of-Sale², or other electronic item that is paid.

Optional service
You may discontinue anytime by contacting the credit union

To extend your Courtesy Pay Protection to cover ATM and everyday debit card transactions, you must provide your consent (opt-in) in advance. To opt-in, simply fill out the form which includes additional information about your consent.

CONSENT/OPT-IN FORM

1 Understanding Actual vs Available Balances: Actual Balance is the total amount of funds in your account. The Available Balance is the amount of funds minus holds on your account and reflects what you have available to spend. Many holds are beyond the credit union’s control and reflects items such as requirements of the payment networks that your transactions are processed through via the merchants with whom you choose to do business. Some holds may be due to a hold placed on a check that you deposited. Please see the credit union’s Funds Availability Policy for more information. If you exceed your Available Balance (even though the Actual Balance may be greater), you may overdraw your account. This may result in Insufficient Funds (NSF) Transactions, Returned Items, and Fees including Courtesy Pay because of exceeding your Available Balance. You can view your Actual and Available Balances via Online Banking, Mobile Banking, visiting a branch, etc. For additional details, please refer to your membership and account agreement.

Overdraft Protection