Overdraft Protection

The share type and description of the share draft account with the overdraft options.

Indicates if the member chooses to opt-in or opt-out for overdraft processing of ATM and one-time debit card transactions. If selected, the member chooses to opt-in for overdraft processing of ATM and one-time debit card transactions. If an ATM transaction exceeds the current balance of the account, Portico will check to see if the account has overdraft protection from another account or multiple account(s) and exhaust the funds in those accounts and charge an overdraft fee. If the overdraft account does not have sufficient funds, Portico will check to see if the account has available uncollected funds or Courtesy Pay funds and assess fee. If the item is paid into negative, Portico will assess an NSF fee.

If not selected, the member chooses to opt-out of overdraft processing of ATM and one-time debit card transactions. If an ATM transaction exceeds the current balance of the account, Portico will deny the transaction as insufficient funds. No fees may be assessed.

If a withdrawal or payment brings the account negative, the Overdraft Information grid lists the overdraft accounts that will be used to supply funds to satisfy the withdrawal or payment.

The Courtesy Pay option. The valid options are:

• N - Not Allowed. Select this option to exclude specific members from Courtesy Pay.
• D - Default Limit (Share Rule Level). Courtesy Pay allowed using the default negative balance limit from the Share Profiles - Courtesy Pay tab. System default.
• O - Specified Limit (Member Share Level). Courtesy Pay allowed using the negative balance limit specified in the Limit field. Select this option to override the default negative balance limit from the Share Profiles - Courtesy Pay tab.
• M - Member Declined Courtesy Pay. Select this option to exclude a member's share type from courtesy pay at their request.
• R - Revoked by Credit Union. Select this option to exclude a member's share type from courtesy pay due to the feature being revoked by the credit union.
• E - Waive New Acct Period, Use Specified Limit. Waive the new account eligibility period and use the negative balance limit specified in the Limit field.
• W - Waive New Acct Period, Use Default Limit. Waive the new account eligibility period and use the default negative balance limit from the Share Profiles - Courtesy Pay tab.

If the Courtesy Pay Option field is Waive New Acct Period, the account can use Courtesy Pay funds during the new account period, regardless of whether the Account Went Negative check box is selected or the account does not meet the minimum deposit requirement in the Courtesy Pay New Acct Period group box. The Courtesy Pay Option field is not changed to Revoked until the end of the new account period.

The negative balance limit for an individual member. The negative balance limit can be any dollar amount including zeroes. If the Courtesy Pay Option field is:

N - 0.00 will appear in the Courtesy Pay Limit field.

D - The default limit from the Share Profiles - Courtesy Pay tab will appear in the Limit field. You can override the default limit and specify a limit for the individual member by entering O in the Courtesy Pay Option field and entering a limit in the Courtesy Pay Limit field.

Length: 9 numeric including decimal

The Courtesy Pay available balance. The system calculates this amount using the share draft vailable balance and the Courtesy Pay negative balance limit.

If the share draft available balance is positive or zero, the Courtesy Pay negative balance limit will display.

If the share draft available balance is negative, but less than the Courtesy Pay negative balance limit, the system will calculate the remaining Courtesy Pay amount available by adding the negative balance limit and the share draft available balance.

If the share draft available balance is negative, but more than the Courtesy Pay negative balance limit, zero will display as the available amount.

Uncollected Funds are not considered when calculating the Courtesy Pay Available Balance. The member may actually have more Courtesy Pay funds available than reported, if the account has check holds or ACH pending items.

Length: 12 numeric including decimal

The date when a withdrawal that uses Courtesy Pay took the account negative. Items may be coded with a CP exception code but the Went Negative date can still be set to zeros if the actual balance is positive. The credit union may be collecting CP fees on these items, yet the member really does have a positive actual balance.

If the Create a Loan check box is selected, Portico will create a Courtesy Pay loan when the member's share draft account is negative due to Courtesy Pay. Portico uses the Courtesy Pay Loan information from the Share Profiles - Courtesy Pay tab and the system defaults for a new loan to create the Courtesy Pay loan in the next back-office cycle.

The member's share draft account must be negative due to Courtesy Pay, the Went Negative field must contain a valid date, and the Create a Loan check box must be selected before a loan will automatically be created.

At the time the Courtesy Pay loan is created, Portico will disable the Courtesy Pay Limit at the member level for that share draft account by changing the Courtesy Pay Option field to N. Portico will also clear the Create a Loan check box as soon as the negative share balance is converted to a loan. The credit union must manually turn Courtesy Pay back on to allow the member to use Courtesy Pay again. Also, if the member's share draft account were drawn negative again, the credit union must manually select the Create a Loan check box to send the new negative balance to the loan (as an advance this time, since the loan record would already exist).

If selected, Portico will exempt the member from Courtesy Pay fees.

The Auto Reinstate options allows you to automatically change the status of the Courtesy Pay share draft account once the Courtesy Pay loan is paid off

• Click the On option to automatically reinstate the account after the Courtesy Pay loan is paid off.
• Click the Off option to not automatically reinstate the account after the Courtesy Pay loan is paid off.
• Click the Revoked option to indicate that the member has abused their Courtesy Pay privileges and this system feature is no longer available to that member.

When a Courtesy Pay loan is created, Portico will disable the Courtesy Pay at the member level for that share draft account by changing the Courtesy Pay Option field to N. Once the loan is paid off, if the Auto Reinstate option is Off, then the Courtesy Pay Option field will remain N.

When Courtesy Pay is re-instated, it occurs in the PM Pass of the back-office cycle. If the credit union uses the re-post option, share drafts will post using Courtesy Pay in the AM Pass of the back-office cycle. If the credit union does not use the re-post option, share drafts will post using Courtesy Pay in the next back-office cycle. If the credit union chooses to manually re-instate Courtesy Pay, then the share drafts will post in that night's back-office cycle. ACH items are not included in repost.

If the Age check box is selected, Portico will add Courtesy Pay to the share draft account, regardless of the member’s age. If the credit union is set up to exclude members from Courtesy Pay because of age, this check box will allow the member to access their Courtesy Pay funds even though the member may be in the age group being excluded from Courtesy Pay.

If the Delinquency check box is selected, Portico will add Courtesy Pay to the share draft account, regardless if the member has a delinquent loan. If the credit union is set up to exclude member's from Courtesy Pay because of loan delinquency, this check box will allow the member to access their Courtesy Pay funds even though the member may have a delinquent loan.

If a value exists in the Suspend if Negative Days > field on the Share Profiles - Courtesy Pay tab and the account is negative greater than the number of days specified, Courtesy Pay processing is suspended for the member. You can override this restriction at the member account level by selecting the Days Negative check box in the Restriction Overrides group box.

If the Direct Deposit Required check box is selected on the Share Profiles - Courtesy Pay tab, the Direct Deposit check box on the ACH tab must be selected for the member to be eligible for Courtesy Pay processing. You can override this restriction at the member account level by selecting the Direct Deposit check box in the Restriction Overrides group box.

The Account Went Negative checkbox is automatically selected if the share draft account went negative during the new account period.

If the Total All Deposits check box is selected on the Share Profiles - Courtesy Pay tab and the member's total deposits to the share draft type during the new account period meet the minimum deposit amount specified in the Deposits Minimum field on the Share Profiles - Courtesy Pay tab, the member is eligible for Courtesy Pay processing. If the minimum deposit amount is not met, the Courtesy Pay Option field on the Shares - Draft Info tab will be changed to R - Revoked at the end of the new account period.

To override the minimum amount of deposits required for Courtesy Pay eligibility at the member account level, select the Override Minimum Deposits Required check box and enter a value in whole dollars 0 to 9999999.