Overdraft Services

When you have financial shortfalls, Patriot is here to help

Life happens, and sometimes that means financial shortfalls happen. We are dedicated to giving our members a “hand up,” so we offer several overdraft management services to help you when you need it.

Overdraft ServicesDescriptionFees
1a. Linked Account Transfers from the prime share (savings account)Available funds transferred from prime share to pay the item$5 linked transfer fee per transfer except if transferred to Rewards Checking or Dividend Checking
1b. Linked Account Transfers from Patriot Line of Credit or VISA Credit Card Available funds transferred from a Patriot line of credit or Patriot credit card No fee for transfers but interest will accrue on the advanced funds
2. Courtesy PayAllows you to overdraw your checking up to $1,000 to pay for items.$35 Courtesy Pay fee per overdraft

Linked Account Transfers

Linked Account Transfers are the primary and least costly option for you to protect yourself from accidental overdrafts. If an item is presented and you do not have sufficient available funds in your checking account, available funds will be transferred from the prime share (savings account) and/or eligible lines of credit (Personal Line of Credit or Patriot Visa Credit Card) to cover the item. The fee for a Linked Account Transfer from the prime share depends on the checking account you have – there is no fee if you have a Rewards or Dividend checking. There is no fee for transfers from a line of credit but interest will accrue on the advanced funds. There is no eligibility requirement for Linked Account Transfers. Note that transfers from the prime share are subject to the Reg D limit of 6 per month.

Why should I set up Linked Account Transfers?

Not only can Linked Account Transfers save you money, they can also save you embarrassment. Linked Account Transfers should be the first line of defense in the case of an overdraft. This option has no or a low fee ($5 per transfer) – depending on which accounts you have – compared to Courtesy Pay which is always $35 for each transaction. So, in some cases, using Linked Account Transfers can be completely free to you AND no one will ever have to know that you didn’t have the available funds in your checking account. Even if your accounts are not eligible for free Linked Account Transfers, this service is of no cost to you until an overdraft occurs.

Courtesy Pay

Courtesy Pay allows you to overdraw your checking account up to $1,000 in order to pay for transactions. A $35 fee will be assessed for each transaction. There is no cost for Courtesy Pay if no overdrafts occur. If you are able to use Linked Account Transfers, Courtesy Pay can be used after linked account transfers have been exhausted.

We offer two types of Courtesy Pay options – standard Courtesy Pay and Courtesy Pay Plus. The chart below provides an overview of our two Courtesy Pay options.

Transactions Covered with
Courtesy Pay
Courtesy PayCourtesy Pay Plus
ChecksXX
Recurring monthly debitsXX
Electronic (ACH) WithdrawalsXX
Debit card transactionsX
ATM withdrawalsX

Why should I enroll in Courtesy Pay?

While no one usually plans to or wants to have an overdraft occur in their account, sometimes it just happens. Courtesy Pay is no cost to you until you use it.

In a situation where you do have an overdraft occur, Courtesy Pay can save you money and embarrassment. For instance, if you write a check to a business and it bounces because of insufficient funds, you will likely owe that business a fee, and you will be charged a non-sufficient funds fee on your account. If you have Courtesy Pay, your check will go through as if the funds were there, so you will only incur the Courtesy Pay fee on your checking account.

Set Up Linked Account Transfers and/or Courtesy Pay Today

For questions or to set up Linked Account Transfers and/or enroll* in Courtesy Pay, please give us a call at 888-777-9982 or visit any of our 9 branches throughout Chambersburg, Waynesboro, and Hagerstown.

*For eligible accounts, please read the disclosures below


Related Disclosures