With Privilege Pay you now have a peace of mind knowing that your checks, online bill payments and/or automatic withdrawals will be honored up to $500 beyond your available balance.*

1st Line of Defense - Overdraft Protection
Your first line of defense is always traditional Overdraft Protection, such as your Savings (share account). Other options for Overdraft Protection can be arranged including your Shell New Orleans Federal Credit Union Visa Credit Card, an overdraft protection line of credit or other designated deposit accounts.

2nd Line of Defense - Privilege Pay
All of us have made a mistake in our checkbook or become so busy that we temporarily forgot about keeping up with our checking account balance. If you accidentally deplete the reserves in your checking and overdraft protection options, you'll be covered by Privilege Pay up to $500 beyond the available balance in your account, plus you'll save the time, merchant fees and embarrassment of NSF checks.

The fee for Privilege Pay is $28 per item. If your Privilege Pay is utilized to cover any qualifying transactions, you will be expected to bring your account back to a positive balance within 30 days. Any Privilege Pay fees incurred will be listed on your monthly statement.

Automatic Enrollment
All eligible Members are automatically covered after 60 days of maintaining good standings in your account, so there is no need to enroll. Privilege Pay is exactly like the name implies, a "privilege" your account is granted. However, if you would like to opt out of the program, simply contact the credit union.

If you have any questions, please contact us at 728-4853 or 866-FOR-MY-CU (367-6928) or log on to Home Banking and e-mail us through the secure form on our website.

*All Members may be eligible for Privilege Pay as long as their account remains in good standing, as defined in the Discretionary Overdraft Privilege Policy.
*Primary and/or joint owners may request to remove their accounts from the Privilege Pay program at any time. Primary and all other owners shall be jointly and completely responsible for the overdraft including the overdraft fee.
*Privilege Pay is not a contractual agreement and is subject to change without notice. Shell New Orleans Federal Credit Union has the right to discontinue the program or withdraw any share draft account from the program based on poor performance of the account, or failure to cover the overdrafts. The credit union also has the right to limit participation to one account per household. The credit union has the option to either honor the overdraft or return the item for insufficient funds even though we may have previously paid overdrafts for the Member.
*Privilege Pay is not a loan. There is no interest charged on any overdraft or unpaid charge. There will be no late charges or other fees other than the Privilege Pay fee of $28 per item. The credit union will attempt to notify the Member by mail of any overdraft paid or returned; however we have no obligation to notify you before we pay or return an item.