Privilege Pay Account

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Privilege Pay Account

With Privilege Pay qualified checking accounts may be overdrawn by writing a check or performing a debit card/ATM transaction. Market USA FCU allows qualified members the courtesy of writing checks or performing debit card/ATM transactions, when funds are not currently available in the member's checking account. Checking accounts are qualified for Privilege Pay monthly. You are able to view your Privilege Pay Qualification amount within Internet Banking.

In order to utilize Privilege Pay to cover overdrafts on ATM, and everyday debit card transactions, the member must Opt-in for coverage of overdrafts caused by use of ATM/Debit Cards. You may Opt-in for coverage of overdrafts caused by ATM/Debit Cards by contacting our Member Service Call Center at 800.914.4268 or printing, completing, and returning the FAQ - Opt-in form.

Although we don't recommend overdrawing the account on a regular basis, we understand that mistakes can happen. Privilege pay can save you from the embarrassment of a bounced check in addition to not having to pay merchants' costly return check fees. Also, Privilege Pay can be used to consciously overdraw the account while waiting for the next paycheck. By doing this, you can avoid excessive fees by writing only one check or making one ATM transaction for the funds you need. However, Market USA FCU cautions you to do this only in the case of an emergency. Please remember that each time an overdraft is paid via Privilege Pay there is a Privilege Pay fee.

Features
Account Services
Disclosures & Fees

Provides peace of mind
Avoid expensive merchant returned check fees
Allows for more flexibility with your spending

Internet Banking

Internet Banking allows you to access your credit union account (s) via the Internet from your home or office computer. It's free and gives you access to your accounts 24 hours a day!

Transfer funds between your Market USA FCU accounts
Open new checking and savings accounts
Request withdrawals (Teller Checks will be U.S. mailed to you)
Request line of credit advances
View current account activity:

Checks Paid
Deposits
Withdrawals
ATM Transactions

Print Account Statements
Issue stop payments on checks
Request copies of checks
Obtain balance information on any of your Market USA FCU accounts
Get tax information - interest paid on loans and dividends earned

The PIN/Password you select for your Internet Banking access will also be your PIN/Password for Telephone Banking. After processing of your Internet/Telephone Banking application, you will be given access to both Internet Banking and Telephone Banking. If you already have full access to Telephone Banking, you can begin to use Internet Banking right away!

Optional Bill Payer Service

Internet Banking includes an optional Internet Bill Payer service that allows you to pay most recurring bills with the click of your mouse. The Bill Payer service is FREE for members who pay two or more bills per month; otherwise there's a $2.95 monthly fee. You must have a checking account in order to utilize the Bill Payer Service.

Telephone Banking

Telephone Banking allows you to access your credit union account(s) from any touch tone phone by calling 301-586-3450 or 800-764-4268.

Transfer funds between your Market USA FCU accounts
Request withdrawals (Teller checks will be U.S. mailed to you)
Request line of credit advances
View current account activity:
Checks Paid
Deposits
Withdrawals
ATM Transactions
Issue stop payments on checks
Request copies of checks
Obtain balance information on any of your Market USA FCU accounts
Get tax information - interest paid on loans and dividends earned

The PIN/Password you select for your Telephone Banking access will also be your PIN/Password for Internet Banking. After processing of your Telephone/Internet Banking application, you will be given access to both Telephone Banking and Internet Banking. If you already have full access to Internet Banking, you can begin to use Telephone Banking right away!

National Shared Branches:

Market USA FCU is part of the National Shared Branch Network with over 3,810 locations throughout the United States. You can conduct business on your Market USA accounts at National Shared Branches.

Make deposits
Request withdrawals
Make loan payments
Other services available depending on location

Shared branch locations will display the following logo:

Member Service Center

301-586-3400 800-914-4268 Hours: M/W/F 8:30 a.m. - 5:00 p.m.; Tu 9:00 a.m. - 5:00 p.m.; Th 7:15 a.m. - 6:30 p.m. Our Member Service Center is staffed by friendly member service representatives ready to assist you.

Existing members can open additional savings and checking accounts
Have your questions answered
Loan applications accepted
Changes to your membership or accounts

Rate Information

The dividend rate and annual percentage yield may change at any time, as determined by the credit union board of directors.

Compounding and crediting

Dividends will be compounded every month. Dividends will be credited to your account every month.

Dividend Period

For this account type, the dividend period is monthly, for example, the beginning date of the first dividend period of the calendar year is January 1, and the ending date of such dividend period is January 31. All other dividend periods follow the same pattern of dates. The dividend declaration date follows the ending date of a dividend period, and for the example above is February 1.

Minimum balance requirements

The minimum required to open this account is the purchase of a share in the credit union.

Average daily balance computation method

Dividends are calculated by the average daily balance method, which applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is monthly.