Disclosure of Account Information - The Golden 1 Credit Union

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48 may in our sole option and discretion, limit the number of your accounts eligible for the Courtesy Pay program to one account per household and/or one account per taxpayer identification number. • You may always opt out: You may choose at any time to opt out and not participate in the Courtesy Pay program by notifying one of our Member Service Representatives who will explain what this means, and the potential consequences, for you. If you choose to opt out and no longer participate in the Courtesy Pay program, and you have opted in to Overdraft Protection for Everyday Debit Card Transactions, you will also be automatically removed from the debit card protection. • If you need help: Of course, overdrafts should not be used to pay ordinary or routine expenses and you should not rely on overdrafts as a means to cover these expenses. If at any time you feel you need help with your financial obligations please contact one of our Member Service Representatives at 1-877 GOLDEN 1 (1-877-465-3361). ALWAYS A DISCRETIONARY PROGRAM: These terms and conditions in no way obligate us to extend the Courtesy Pay program to you. This program represents a purely discretionary courtesy or privilege that we provide and which may be withdrawn or withheld by us at any time without prior notice, reason or cause. The Courtesy Pay terms and conditions contained herein supersede all prior terms and conditions regarding Courtesy Pay. OVERDRAFT PROTECTION FOR EVERYDAY DEBIT CARD TRANSACTIONS Additional Feature of Courtesy Pay Program (a discretionary overdraft program) It is the policy of Golden 1 Credit Union (“the Credit Union, we, us, or our”) to comply with applicable laws, rules and regulations, and to conduct business in accordance with strict safety and soundness standards. An overdraft occurs when you do not have enough money in your account to cover a transaction but we pay it anyway. This results in a negative balance on your account. We are not obligated to pay any transaction initiated for payment against your account if your account does not contain sufficient collected funds.
However, rather than automatically denying an everyday debit card transaction that may cause an overdraft on your account, you may be eligible for our Overdraft Protection for Everyday Debit Card Transactions, an additional feature of our Courtesy Pay program. Courtesy Pay program terms and conditions are incorporated into this disclosure by reference herein. Overdraft Protection for Everyday Debit Card Transactions provides a limited amount of overdraft protection in accordance with these terms and conditions. You will be eligible for Overdraft Protection for Everyday Debit Card Transactions if you have an eligible account type (as described below), if you maintain your account in good standing, if you are enrolled in our Courtesy Pay program, and if you ask us to authorize and pay (“opt-in”) your everyday debit card transactions. You may choose at any time to optout and not participate in the Courtesy Pay program. If you choose to no longer participate in the Courtesy Pay program and you have opted in to Overdraft Protection for Everyday Debit Card Transactions, you will also be automatically removed from debit card protection. If you do not “opt-in” and ask us to pay your overdrafts caused by everyday debit card transactions, your transactions will be declined. Maintaining your account in good standing includes, among other requirements, the following: 1. You are not in default on any loan obligation to us; 2. You bring your account to a positive balance (not overdrawn) immediately or as soon as possible after it has been overdrawn, and in no event less than once every thirty (30) days; and 3. Your account is not the subject of any legal or administrative order or levy, such as bankruptcy or a tax lien. If you meet these requirements, and any additional requirements we may institute, we will consider, without obligation on our part, approving your reasonable overdrafts caused by everyday debit card transactions up to your assigned Courtesy Pay program limit. Generally you will be provided with up to $500.00 in overdraft negative balance protection for Free Checking, MarketRate Checking SM , and Premium Checking SM Accounts. This disclosure is an addendum to the Disclosure of Account Information governing these accounts. Our normal fees and charges, including, without limitation, our Courtesy Pay Fee (which is currently $27.50 per overdraft item as set forth in our Fee Schedule and is subject to change with notice as required by law) will be charged. This means that for each everyday debit card transaction initiated for 49
Page 1: Disclosure of Account Information R
Page 5 and 6: TERMS AND CONDITIONS OF YOUR ACCOUN
Page 7 and 8: accept for deposit (including items
Page 9 and 10: unless: (1) all persons creating th
Page 11 and 12: to electronic fund transfers (e.g.,
Page 13 and 14: presented without sufficient funds
Page 15 and 16: available balance, the information
Page 17 and 18: - the account balance of your savin
Page 19 and 20: Examples of the types of actions yo
Page 21 and 22: no transfers in a particular month.
Page 23 and 24: • Limited Liability for Visa® De
Page 25 and 26: notice or without notice if your ac
Page 27 and 28: If we cash a check for you that is
Page 29 and 30: Some or all of the checks that you
Page 31 and 32: y means of a preauthorized or autom
Page 33 and 34: Dividend period - For this account
Page 35 and 36: or automatic transfer, telephonic o
Page 37 and 38: at a college or university. After 5
Page 39 and 40: GOLDEN 1 FREEDOM CHECKING SM ACCOUN
Page 41 and 42: enewal if you withdraw the funds in
Page 43 and 44: You will have a grace period of sev
Page 45 and 46: Transaction limitation - We reserve
Page 47: law, of any items drawn against ins
Page 51 and 52: • Eligible Account Types: The acc
Page 56: Operations Center P.O. Box 15966 Sa

Disclosure of Account Information - The Golden 1 Credit Union

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