Overdraft Protection with Blue
Protect yourself from unwanted overdraft fees by designating an account for overdraft protection.
Protect Your Account
Blue offers a full line of services to meet your account needs. Find out more about these great features available for enrollment on most of our checking products.
Courtesy Pay may cover you up to $1,000 (including fees)
Blue is now offering even more overdraft protection to members opted into Courtesy Pay. While it is not an invitation to overdraw an account, it is an added layer of safety for accidental overdrafts. Courtesy Pay may cover insufficient funds in the event you accidentally spend over your available checking limit up to $1,000 – giving you even more peace of mind.
Things to know about share overdrafts and fees:
- An overdraft occurs when there isn't enough money in an account to cover a purchase, but we may pay it at our discretion with a $30 fee.
- By opting-in to courtesy pay, we may authorize and pay overdrafts on purchases, ATM transactions or one-time debit card transactions. You can opt-in or out of this service at any time.
- We DO NOT authorize and pay overdrafts for ATM transactions or one-time debit card transactions unless you opt-in for that service.
- An NSF fee is charged each time an item is presented against NSF funds. The payee (or the payee’s institution) may represent a previously returned item. Each presentment against insufficient funds will result in a separate fee.
- Courtesy Pay fees will not exceed five (5) per day.
All Courtesy Pay elections are within the sole discretion of Blue Federal Credit Union, and we have no contractual obligation with our members to pay or transfer any NSF item/transaction. Courtesy Pay is an optional service that we may provide as set forth herein to members in good standing. Courtesy Pay is not an entitlement, it is not a loan, and may be discontinued or denied at any time even though we have paid such items at other times. The Courtesy Pay program does not release you from your obligation to pay your debts including any amount by which your accounts may be overdrawn. Further, Courtesy Pay does not affect or limit Blue Federal Credit Union’s other rights/options regarding NSF transactions under our other policies, procedures and applicable laws. Debit card transactions may also post immediately. Blue Federal Credit Union may revoke the privilege at any time without notice. Members can opt in and opt out with this service.
As an added benefit to our business members, you will automatically be enrolled into Courtesy Pay. Only one (1) will be provided per EIN/TIN/SSN.
- As of August 1, 2019, all new members will be enrolled after 90 days of your Business Checking or Business Plus Checking account being opened.
- As of September 1, 2019, all existing members will be enrolled.
Not a fan of Courtesy Pay? You can opt out by visiting any neighborhood branch or contact us and we’ll be glad to assist you.
If members spend more money than is available in their checking account, Protect-a-Check (Overdraft Protection) automatically transfers the exact amount needed to cover the transaction up to the available funds or credit limit with no service charge, using a line of credit.
While Blue offers a wide variety of checking account overdraft protection, we also want to help our members become financially secure. We’ve compiled a helpful list to help you prevent overdrafts on your account.
Helpful tips to prevent overdrafts on your account:
- Blue’s online banking
allows you to check your balances at any time. We also have a secure
mobile app so you can check your balance, transfer funds, and even deposit checks on the go!
- Set up automatic deposit to ensure that funds are promptly deposited into your accounts. Contact us today to help set up your direct deposit.
- Review monthly account statements on a regular basis. These are
available through online banking if you’ve signed up for eStatements or by mail if you
have enrolled in paper statements. Fees may apply for receiving paper
statements.
- If you want to set a balance limit on your checking account, so that you aren’t able to spend below a certain threshold, please contact us today.
- If you spend more money than is available in your checking account, Protect-a-Check
(Overdraft Protection) automatically transfers the exact amount needed
to cover the transaction up to the available funds or credit limit
with no service charge.
- Blue’s Courtesy Pay program helps protect members from overdraft
if your account is drawn negative below your available balance.
Need Help?
Visit our online help center for quick assistance or contact us directly—we're happy to help.
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Sky High Savings Disclosure
* Annual Percentage Yield. Rate is effective January 1, 2022. Subject to change without notice. Dividends compounded monthly. No minimum balance required to open.
Minimum daily balance of $25.00 required to earn dividends. Dividends compounded daily and paid monthly. Requires at least one monthly deposit (other than dividend). Limit one per social security number.
Christmas ClubMinimum daily balance of $25.00 required to earn dividends. Rate changes once balance exceeds $5,000. Balances automatically pay out in October each year. Dividends compounded daily and paid quarterly. Penalty may be imposed for early withdrawal. Limit one per social security number.
Courtesy PayAll Courtesy Pay elections are within the sole discretion of Blue Federal Credit Union, and we have no contractual obligation with our members to pay or transfer any NSF item/transaction. Courtesy Pay is an optional service that we may provide as set forth herein to members in good standing. Courtesy Pay is not an entitlement, it is not a loan, and may be discontinued or denied at any time even though we have paid such items at other times. The Courtesy Pay program does not release you from your obligation to pay your debts including any amount by which your accounts may be overdrawn. Further, Courtesy Pay does not affect or limit Blue Federal Credit Union’s other rights/options regarding NSF transactions under our other policies, procedures and applicable laws. Debit card transactions may also post immediately. Blue Federal Credit Union may revoke the privilege at any time without notice. Members can opt in and opt out with this service.
