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Business Checking Advantage Pay

So, what is Business Advantage Pay?

By meeting some simple qualifications, you can have a $1,000 Business Advantage Pay privilege on your personal checking account. Overdrafts on your checking account up to a limit of $1,000, including fees, will be honored by Global Credit Union. A $29 Advantage Pay fee will be assessed for each check or debit that brings your account negative. You then have up to 30 days to bring your account current—either through a direct deposit, transfer of funds, or a deposit at any one of our branch offices. Advantage Pay Disclosure


Isn't overdrawing my account a bad thing?

Overdrawing your account as a check-writer is never a good thing, but sometimes we make mistakes. If you do, Business Advantage Pay is here to save the day. Business Advantage Pay saves you the hassle, possible fees from merchants, and the embarrassment of a bounced check. You'll have the confidence and peace of mind that you're protected-Business Advantage Pay is just a leap away!

How do I get it?

Have no fear, Business Advantage Pay is here! If you are at least 18 years old and have a checking account in good standing, you already have it. If you have other overdraft protection products such as transfers from savings and/or a loan or credit card, these will be activated first in the order you've established. If there is no overdraft protection, or after the other resources have been depleted, Business Advantage Pay will be activated-automatically.

How do I use it?

This service requires no action from you-no forms to fill out, no calls to make. Should you initiate checks, electronic funds transfers, or transactions for more than you have on deposit, you will be covered by Business Advantage Pay.

How will I know when I've been saved by Business Advantage Pay?

Global Credit Union will mail you a notice that Business Advantage Pay has been activated. We'll even give you a date range for repayment.

How can I ever repay you, Business Advantage Pay?

You should bring your account positive on or before the 30th day from the date of the initial overdraft. Any deposits received while your account is overdrawn will be applied first to your overdrawn checking balance.

What if I exceed my limit?

If you exceed the Business Advantage Pay Limit of $1,000, your items will not be paid and will be returned. Our standard NSF fee will be assessed.

What happens if I cannot bring my account to a positive balance?

If you cannot bring your account to a positive balance within the 30-day repayment period, your Business Advantage Pay privileges will be suspended or revoked and collection procedures will be initiated.

Advantage Pay Disclosure

This notice does not constitute either a written agreement of an obligation, or a pre-arranged agreement for Global Credit Union to pay your overdrafts. Payments of any overdraft(s) will continue at the discretion of Global Credit Union. The Advantage Pay service may be withdrawn at any time. Advantage Pay fee=$29. An Advantage Pay fee will be assessed for every check or other debit that draws your account negative. All fees associated with the payment of overdraft items will be applied to the Advantage Pay $1,000 limit. Items are paid largest dollar amount first. You have 30 days from your first overdraft to bring your account current. We will mail you a notice when Advantage Pay is activated and a date range to bring your account current. Overseas members’ notices will be delayed due to mailing time. At any time, you may choose to opt-out of the Advantage Pay service by contacting Global Credit Union member services at 509.455.4700 or 800.676.4562 and requesting that this service be cancelled. If you do not bring your account balance positive within 30 days from the first overdraft, your Advantage Pay privileges will be revoked, and collection procedures will be initiated. We may report information about your account to credit bureaus. Late payments, missed payments, or other defaults on your account may be reflected in your credit report.

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