A small mistake shouldn't have major consequences

  • Courtesy Pay may cover overdrafts from paper checks, ATM transactions and electronic payments
  • MSGCU members will receive a notice each time the Courtesy Pay is activated
  • Members pay a $30 fee for each transaction and have 16 days to correct the account imbalance
  • No substantial returned-check fees and no reduced credit scores because you can avoid overdrafts being reported to the business involved in the transaction or credit-rating agencies

The fastest way for our Michigan members to sign up for Courtesy Pay is through Online Banking, under Other Services. You may also contact our Call Center at 866.674.2848 or visit one of our locations. To extend Courtesy Pay to ATM and debit card transactions, fill out this form and return it to a Michigan Schools and Government Credit Union branch.

Review complete program details and opt-in disclosure.

Courtesy Pay Frequently Asked Questions

How Do I Update Or Sign Up For Courtesy Pay?
What Can Courtesy Pay Do For Me?
How Does It Work?
Which Accounts Are Eligible?
What Types Of Payments Are Eligible For The Courtesy Pay Service?
Who's Eligible?
What If I Already Have Overdraft Protection?

 

How Do I Update Or Sign Up For Courtesy Pay?

The easiest and fastest way is through Online Banking, under Other Services. You may also contact our Call Center at 866.674.2848 or visit one of our locations. If for some reason you decide you would rather not have Courtesy Pay services, please let us know. You'll always be able to opt back in, should you change your mind.

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What Can Courtesy Pay Do For Me?

Anyone who has inadvertently had a check returned or ATM/Debit Card transaction denied knows how quickly a small mistake can turn into big consequences. First, there are substantial returned check fees charged by the merchant or creditor who receives your check. Then come the collection fees and embarrassing phone calls. Finally, the whole situation could be forwarded to a major credit reporting agency possibly lowering your credit rating, potentially costing you hundreds of dollars in higher interest payments in the years ahead. Thanks to the Michigan Schools and Government Credit Union Courtesy Pay program, you can now avoid these problems. Courtesy Pay will cover your check and ACH transactions—and, if you choose, your everyday debit and ATM transactions—in the event you do not have enough available funds in your account. Be sure you are covered for them all.

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How Does It Work?

If you're a member in good standing and qualify for this benefit, we will cover checks, automatic recurring bill payments, and Automated Clearing House (ACH) transactions that overdraw your personal checking account up to a designated amount based on your eligibility. To extend this benefit to ATM and everyday Debit Card transactions, contact our Call Center at 866.674.2848 or visit one of our locations. For each check or other item that we cover, we may charge a $30 fee. With our Courtesy Pay service, the merchant — and credit reporting agencies — will never know that you were overdrawn! You won't pay a fee to them. We will notify you anytime your Courtesy Pay service is activated. If you have questions about your account, you can view your account history through Online Banking.

Once your Courtesy Pay service has been activated to cover an overdraft, it is your responsibility to correct any balance deficiency as quickly as possible. Michigan Schools and Government Credit Union expects you to make a deposit covering your overdraft and fees within 16 days. After that time, our normal collection process begins. We trust you'll agree that it's important to promptly meet your financial obligations to preserve your good standing with the Credit Union and to prevent any collection activity.

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Which Accounts Are Eligible?

All primary Checking Accounts offered by Michigan Schools and Government Credit Union are eligible provided the account owners meet the eligibility requirements. The Money Market Checking Account is not considered a Primary Checking Account and is not eligible for this service. Also, business, minor, and non-individual accounts are not eligible.

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What Types of Payments Are Eligible For The Courtesy Pay Service?

Courtesy Pay services will be extended for checks presented at any Michigan Schools and Government Credit Union branch; checks clearing through the Federal Reserve System; payments clearing through an Automated Clearing House (ACH); and recurring bill payments. You must provide your affirmative consent for us to extend this benefit for ATM and one-time Debit transactions.

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Who's Eligible?

Members in good standing, ages 18 and older with an open primary Checking Account are eligible for Courtesy Pay services. Business, minor, and non-individual accounts are not eligible.

The Courtesy Pay privilege will be suspended if:

  • Any loan is delinquent for more than 10 days.
  • The Checking Account has not been brought to a positive balance at least once in the past 16 days.

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What If I Already Have Overdraft Protection?

Your current Overdraft Protection arrangements will remain in place exactly as they are now. Courtesy Pay services will only be activated if there are insufficient funds available from your other accounts or line of credit.

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READY TO GET STARTED?