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Courtesy Pay Disclosure

Courtesy Pay is a service which our members must affirmatively opt-in to receive the benefit of and which allows us to pay an item written on a member's checking account even if it causes the account to become overdrawn.

If the account has been open at least 60 days and maintained in good standing, defined as A) Making regular deposits sufficient to cover transactions; B) Bringing the account to a positive balance at least once every 30 days or less, and; C) There are no legal orders outstanding on your account, we may, at our sole discretion, pay overdrafts up to the limits mentioned above, including our normal Courtesy Pay charge(s). Whether we pay or return an item, your account will be assessed a fee, either as a Courtesy Pay charge or a Non-Sufficient Funds charge but you will not be charged both fees.

Courtesy Pay offers additional flexibility and convenience in managing account holder funds, and provides peace of mind knowing that items may be paid up to the authorized overdraft limit of $500. Please note that Courtesy Pay coverage is secondary for those members who have an Overdraft Line-of-Credit or Instant Access and/or established share transfers to cover presented items.

Participation in the Courtesy Pay program requires the accountholder to opt-in for the service. It is not a loan. No additional agreements need to be signed provided that the member does need to provide his or her affirmative opt-in to the service, and it costs nothing unless the privilege is used by initiating check presentment, Electronic Fund Transfers, or other payment or withdrawal requests for more than is on deposit in the account. If you maintain the account in good standing and have need for this "courtesy", we may, at our sole discretion, pay the item(s) up to the authorized limit, and we will charge the account our normal Courtesy Pay overdraft fee for each item that overdraws the account. Fees for Courtesy Pay are set forth in the Rate and Fee Schedule.

Courtesy Pay allows FedChoice to provide a higher level of service to our members by helping to protect your account and reputation when an inadvertent overdraft occurs.

If you have questions, do not hesitate to call our Financial Advisory Center at 301.699.6151 • 800.969.6151.



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