Checking at SPC

The Automated Clearing House (ACH) is a nationwide electronic deposit and payment network that makes it easy for you to schedule regularly recurring payments (like payroll, Social Security, and retirement checks) for automatic deposit into your credit union account. Forget worrying about whether or not your checks have been deposited safely, waiting in line to deposit your check, or crossing your fingers in hopes that your money doesn't get lost in the mail. With direct deposit, your money reaches its final destination without you having to lift a finger!

Whether you need funds posted early for an emergency or just as an occasional convenience, EarlyPay allows you to gain access to your recurring direct deposit funds faster so that you can take care of whatever life throws at you. EarlyPay is available for a $5 fee that you only pay when you use this feature. EarlyPay cannot be automated–it's designed to be there when you need it, like an umbrella on a rainy day!

Who wouldn't love a more convenient, hands-free way to manage your money? Payroll Deduction provides just that. Use this feature to automatically divvy up your electronic paycheck into various SPC accounts as soon as it comes through. Use EarlyPay to send a percentage or set amount of every electronic paycheck to specific accounts so you can consistently set aside savings and pay loans on time.

SPC Overdraft Protection is like having a little cushion to support you when you're in a tight spot and need a little wiggle room. Use this feature to avoid the expense and embarrassment of having checks returned because of insufficient funds in your checking account. Consider these ways to cover overdrafts:

Service	Cost
Overdraft protection link to another deposit account you have at SPC credit union*	$0 fee per transfer
Overdraft protection line of credit	Subject to interest (credit approval required)
Courtesy pay	$30 overdraft fee per item

Overdraft Protection services apply to all transactions and may help prevent overdrafts by automatically transferring funds to your checking account from another account or line of credit you may have at SPC Credit Union for finance charges. Please note that overdraft lines of credit are subject to credit approval.

_{*Transfers may be limited based on account type.
*If you choose Overdraft Privilege Plus, ATM withdrawals and everyday debit card transactions will be included with the transactions listed under Standard Coverage. If you already have Overdraft Privilege Plus, it is not necessary to request it again. Business accounts automatically have Overdraft Privilege Plus. If you would like to select Overdraft Privilege Plus for future transactions, call us at 843-332-4506 or visit any SPC branch location.}

SPC Courtesy Pay allows you to spot yourself when you're in a pinch by overdrawing your account up to the disclosed limit for a fee in order to pay a transaction. You can discontinue Courtesy Pay in its entirety by contacting us at (843) 332-4506 .

Courtesy Pay is a way for us to help protect your account and reputation when an overdraft occurs. Courtesy Pay protects your good credit rating as well as :

• Protects you from the embarrassment of returned checks
• Protects you from merchant-returned check charges
• Protects you from collection agency fees
• Courtesy Pay is a service offered to SPC Share Draft (Checking) account holders. With Courtesy Pay, the credit union, at its sole discretion, may honor and pay checks, automatic debits (ACH), Visa® Debit Card purchases, ATM withdrawals, and Bill Pay withdrawals drawn against a share draft (Checking) account that does not have sufficient funds available at the time of the presentment
• Courtesy Pay is not a loan, and transactions are not reported on your credit report

Transactions Covered with Courtesy Pay	Standard Coverage (no action required)	Overdraft Privilege Plus (your consent required)*
Checks	x	x
ACH - auto debits	x	x
Recurring debit card payments	x	x
Online bill pay items	x	x
Internet banking transfers	x	x
Telephone banking	x	x
Teller window transactions	x	x
ATM withdrawals		x*
Everyday debit card transactions		x*

_{*If you choose Overdraft Privilege Plus, ATM withdrawals and everyday debit card transactions will be included with the transactions listed under Standard Coverage. If you already have Overdraft Privilege Plus, it is not necessary to request it again. Business accounts automatically have Overdraft Privilege Plus. You can discontinue the Courtesy Pay in its entirety by contacting us at (843) 332-4506 .
If you would like to select Overdraft Privilege Plus for future transactions, call us at (843) 332-4506 or visit any SPC branch location.}

_{Courtesy Pay
Courtesy Pay is a service offered to SPC share draft (checking) account holders. With Courtesy Pay, the Credit Union at its sole discretion may honor and pay checks, automatic debits (ACH), VISA® Debit Card purchases, ATM withdrawals, and Bill Pay withdrawals drawn against a share draft (checking) account that does not have sufficient funds available at the time of the presentment.}

_{Courtesy Pay is a way for us to help protect your account and reputation when an overdraft occurs. Courtesy Pay protects your good credit rating and:}

<sub>- Protects you from the embarrassment of returned checks
- Protects you from merchant returned check charges
- Protects you from collection agency fees</sub>

_{Courtesy Pay is not a loan and transactions are not reported on your credit report.}

How much does Courtesy Pay cost?

It is free until you use it. Then, a $30.00 Courtesy Pay fee is assessed. If you use Courtesy Pay for two overdrawn items, your account will be charged two separate fees ($30.00 for each overdrawn item, even on the same day).

How does Courtesy Pay work?

Overdrafts on your share draft (checking) account, up to a $600 limit [including the amount of the overdrawn item(s) and the Courtesy Pay fee(s)], may be honored by SPC Credit Union. A $30 fee will be assessed for each item that draws your account negative. You then have up to 30 days to bring the account current, either through a direct deposit, transfer of funds, or a deposit at one of our branch offices.

Do I have to apply for this service?

No. We require no application or additional signature. As long as your account is not drawn into the negative in the first 60 days, in good standing, and you make regular deposits to the share draft (checking) account, your Courtesy Pay will be turned on.

What if I already have Overdraft Protection?

If you have established other Overdraft Protection methods, such as a line of credit or automatic transfer from your other accounts, we will always look to pay any overdraft by those other methods first before paying your overdraft utilizing Courtesy Pay.

What is the difference between Overdraft Protection and Courtesy Pay?

Overdraft Protection transfers funds from a previously designated account to pay the item. Overdraft Protection will NOT allow the account to go into a negative balance. There is no fee to sign up for Overdraft Protection (only when it is used). Courtesy Pay is a non-contractual courtesy offered by SPC to eligible members. This service pays items that would otherwise be returned as non-sufficient funds (NSF). There is a $30.00 fee for each item paid. Overdraft Protection always takes effect first before Courtesy Pay is utilized.

Is Courtesy Pay a loan?

No. It is a non-contractual courtesy that we extend to our members who maintain their share draft (checking) accounts in good standing. This feature is discretionary on the part of the credit union. The words “DISCRETION” and “DISCRETIONARY” mean there is NO PROMISE TO PAY. The Courtesy Pay privilege is not guaranteed. Courtesy Pay can be taken away any time the credit union determines the account is no longer in good standing. Whether or not we decide to pay your overdraft item depends on how you manage your account.

How can I access Courtesy Pay?

Overdrafts may be paid using your Courtesy Pay funds up to the limits mentioned above for the following types of transactions:

• Checks
• POS/Debit Card Transactions
• Electronic Transactions
• Bill Pay
• Online/Mobile Banking
• ATM Withdrawals

We strongly recommend you first perform a balance inquiry before making an ATM withdrawal. Should you request a withdrawal that puts your account into the negative, the ATM may honor that request by drawing on your Courtesy Pay limit and/or any other Overdraft Protection you may have with the credit union. The ATM receipt will show the amount withdrawn. It may not indicate your withdrawal has taken your account negatively or accessed Courtesy Pay and/or other Overdraft Protection funds or charged a fee.

With Courtesy Pay, aren't you encouraging me to write bad checks?

No. We're simply acknowledging that honest mistakes occur even among the best record-keepers. With the Courtesy Pay program, we believe we are providing a valuable service. A fee will be assessed whether we pay or return an item that is presented against an account with insufficient funds to cover the item. Courtesy Pay allows us to pay the item and help you avoid additional fees. But in all cases, we encourage you to maintain your account in good standing by:

• Making deposits sufficient to cover transactions
• Bringing the account to a positive balance at least once every thirty days
• Not permitting administrative orders, judgments, or liens to be placed on the account