Although there's not much we can do about the flat tire or broken pipe, there's plenty we can do to help you avoid the headaches that come with an overdrawn account. With Community National's new Courtesy Pay overdraft service, you will enjoy peace of mind in knowing that you have the ultimate in overdraft protection.
Exceed the "Standard" with Courtesy Pay.
An overdraft occurs when there's not enough money in an account to cover a transaction. The bank pays overdrafts at its discretion, which means that it cannot guarantee it will always authorize and pay any type of transaction. If an overdraft is not authorized and paid by the bank, the transaction will be declined.
Your Community National account comes with standard overdraft protections, but there are limits to what we cover. For example, we cover checks and other transactions that are made using your checking account number, as well as automatic bill payments. We will also cover ATM and everyday debit card transactions if you ask us to.
Courtesy Pay is automatically provided on all qualifying consumer accounts (see your account disclosures for qualification details). If you'd like to extend your overdraft protections to also cover ATM and everyday debit card transactions, please complete our Election Form and turn it in at any of our 14 branch locations.
What are the advantages of Courtesy Pay?
You have flexibility.
You can opt out of the service at any time by calling 877.654.4500, visiting mybanktx.com or coming to any of our branches to complete a cancellation form.
You can choose the types of transactions that are covered.
Courtesy Pay includes payments of checks, ACH and electronic payments (at the bank's discretion). If you'd like us to also pay ATM and every day debit card transactions, you can choose that service option by completing an Election Form.
You don't have to worry about hidden fees.
We don't charge anything extra for Courtesy Pay unless you use the service. If we pay an overdraft for you, the fee is $29 per item. If we return an unpaid check, ACH or electronic payment, the fee is $29 per item (in addition to any fees the merchant/payee may charge). Please ask us for current daily fee limits.
There are other options, like Courtesy Transfer.
Courtesy Transfer is a free service we offer that uses available funds from a linked account to cover checks, ACH and electronic payments. It will also cover ATM and every day debit card transactions if you opt-in to that service. It can be used in conjunction with our other overdraft options. Ask us how you can sign up for this free service.