Courtesy Pay VS Overdraft Protection. Let Members Know There Is A Difference!

courtesy pay vs overdraft protectionCourtesy Pay VS Overdraft Protection what is the  difference?

Overdraft Protection is a feature offered by financial institutions to keep your account from overdrafting when you write a check or swipe your debit card but don’t have enough money in your checking account to cover the balance.  Overdraft Protection links your checking account to a savings account, credit card, or line of credit and uses that account to pay transactions that would have otherwise triggered an overdraft fee. 

Courtesy Pay automatically clears checks, debit ACH payments & recurring debit transactions on eligible checking accounts when there are insufficient funds available.

To learn more about Sharetec’s Tiered Courtesy Pay click here.

Lori Tuyo
Marketing Specialist

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