TOHEFCU understands that mistakes happen. Once in awhile there are not enough funds in a checking account to cover all the debits. Overdraft fees can add up and negatively impact your budget, but with a TOHEFCU checking account you have several options to prevent an overdraft.
Overdraft Protection from Savings
Use your primary savings or sub-savings account to prevent bounced items by having funds automatically transferred from your linked savings account to your checking account. A small fee will apply. Fee Schedule
Overdraft Line of Credit / Line of Credit
An Overdraft Line of Credit or a Standard Line of Credit can also protect you against bounced items. Funds will automatically be transferred from your line of credit to your checking account when your account is overdrawn. A small fee will apply.Apply for a Line of Credit
Protection for your CheckingApply Now
Your life is busy and it can be easy to lose track of your checking account balance. That’s why the Town of Hempstead Employees FCU offers Courtesy Pay, a service that adds a measure of protection to your checking account.
Courtesy Pay may cover your checks and preauthorized electronic withdrawals that would otherwise be returned for insufficient funds. Instead of returning a check or electronic withdrawal to the merchant, TOHEFCU may pay your item up to a limit of $400 for one low fee per covered overdraft transaction. This protects you from embarrassing returned checks, protects you from merchant return check fees, and protects your credit rating.
We are happy to review Courtesy Pay and its features with you, along with giving you other options to add convenience and ease to your account. Courtesy Pay is an optional service and requires a signed opt-in form. To complete the form electronically click the APPLY button above. To discuss with a Member Service Representative call 516-867-4730.
*Town of Hempstead Employees Federal Credit Unions Courtesy Pay plan is a discretionary non-contractual courtesy and is subject to change. It is not an obligation of the credit union and the credit union may refuse to provide the courtesy on any checking account at any time. The account holder does not have a contractual right to Courtesy Pay and courtesy payment is not guaranteed by the Courtesy Pay plan. Member accounts must be in good standings at the time of opt-in. Excessive use of the service may result in payment denial by the credit union. Courtesy Pay must be brought current within 30 days.
How can I avoid an overdraft?
- Keep track of your deposits, purchases, and ATM withdrawals
- Balance your account monthly by reviewing your statement or account transactions online
- Monitor your account regularly online to review transaction activity and balances
- Set up custom alerts via online and mobile banking to notify you of specific transactions and low balances