At Texans, we want and help our members manage their finances responsibly. We also know that unforeseen circumstances or expenses can sometimes leave you a little short on cash.
That's why we offer options that protect you from merchant fees, possible damage to your credit history and potential embarrassment when you find yourself in those "short" situations.
Overdraft Protection is available with all Texans Checking Accounts. You may designate a Texans Line of Credit, Money Market Account or Savings Account of your choice to cover any transactions that would otherwise overdraw your checking account. As long as there are funds available in your designated overdraft account, your transaction will go through.
Overdraft Protection can help cover any types of transactions (checks you’ve written, automatic payments, debit card purchases, etc.). Each time your Overdraft Protection is used, a fee of $5.00 per transaction is assessed*.
Consider Overdraft Protection your first line of defense.
Courtesy Pay is a program offered with all Texans Checking Accounts at no cost to you unless you use it.
Check & ACH transactions
Courtesy Pay for checks and ACH (automatic payments deducted from your account) transactions is available for all Texans Checking Accounts. Eligible members are automatically enrolled for this Courtesy Pay coverage when they sign up for an account.
ATM & everyday debit card transactions
Courtesy Pay for ATM & everyday debit card transactions is available for all Texans Checking Accounts. You are required to opt in to receive this coverage – you may do so online or by completing a paper form & mailing, faxing or bringing it into a branch. You can also update your preferences using the online or paper form.
There is no fee to have Courtesy Pay added to your account(s). You are only charged a fee if you overdraw your account and Courtesy Pay is used. Each time Courtesy Pay is used, a fee of $35 per transaction is assessed1.
Courtesy Pay may cover items that exceed the balance of your account up to $500 (including fees)1.
Whether or not a transaction is covered by Courtesy Pay is discretionary and Texans Credit Union reserves the right not to pay. The following is a list of account characteristics that Texans recommends in order to pay an item under Courtesy Pay:
For more information on Texans' Courtesy Pay service, contact us at 972.348.2000 (800.843.5295), or visit your nearest Texans branch.
* Federal regulations establish the maximum number of remote transactions that can be made each calendar month on Money Market and Share Accounts. Members may not make more than six transfers and/or withdrawal transactions on their Share Account or Money Market Account by check, draft, debit card, PC, Telephone Access Line, Online Banking, telephone or written instruction. Transactions made in person, by mail or at an ATM do not apply. Credit Approval required for a Texans Line-of-Credit. A joint owner on your checking account, who is not a joint owner on your Share (savings), Money Market, and/or co-borrower on your Texans Line-of-Credit, will have access to your Share (savings), Money Market, and/or Texans Line-of-Credit. Up to two accounts may be selected for overdraft protection. Other checking accounts excluded as overdraft option.
1. If a Texans Check Card transaction occurs, an ACH transaction occurs, you write a check, you perform a transaction by any other electronic means, or you take other action that results in your Account becoming overdrawn, Texans may pay the item which exceeds the balance in your Account up to $500, including fees. If at any time the limit has been reached, items that exceed the limit will be returned unpaid and you will incur a charge for a Returned Item Due to Insufficient Funds (NSF fee). Accounts are subject to closure if a negative balance remains after 10 business days. Whether or not the overdraft will be paid is discretionary and Texans reserves the right not to pay. For example, Texans typically does not pay overdrafts if your account is not in good standing, you are not making regular deposits, or if you have too many overdrafts. Your account may become eligible for Courtesy Pay after the account has been open for a minimum of 30 days.
Courtesy Pay is not available for Business Accounts.