
Get the free OVERDRAFT and COURTESY PAY DISCLOSURE
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MCU OVERDRAFT POLICY YOUR LIABILITY FOR OVERDRAFTSThis University of Michigan (MCU) Overdraft Policy (Policy) forms a part of your Membership and Account Agreement (Agreement). In the event of a conflict
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How to fill out overdraft and courtesy pay

How to fill out overdraft and courtesy pay
01
Understand the terms and conditions of your account regarding overdraft and courtesy pay.
02
Monitor your account balance regularly to avoid overdrawing funds.
03
Opt-in for overdraft protection if desired.
04
If you overdraft, deposit funds into your account as soon as possible to cover the negative balance.
05
Contact your financial institution for any questions or concerns regarding overdraft and courtesy pay.
Who needs overdraft and courtesy pay?
01
Individuals who may occasionally overspend and risk overdrawing their account.
02
Those who want the flexibility to make transactions even if they have insufficient funds in their account.
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What is overdraft and courtesy pay?
Overdraft and courtesy pay are services provided by financial institutions to cover transactions when an account holder does not have enough funds in their account.
Who is required to file overdraft and courtesy pay?
Financial institutions are required to provide overdraft and courtesy pay services to their account holders.
How to fill out overdraft and courtesy pay?
To fill out overdraft and courtesy pay, account holders can opt-in for these services and agree to the terms and conditions set by their financial institution.
What is the purpose of overdraft and courtesy pay?
The purpose of overdraft and courtesy pay is to prevent declined transactions and help account holders cover expenses when they do not have sufficient funds in their account.
What information must be reported on overdraft and courtesy pay?
Financial institutions must report the fees associated with overdraft and courtesy pay services, as well as any transactions that are covered by these services.
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