« Back to support home

How does Sound clear transactions on my account?

Sound Credit Union does five very important things, which other institutions may not, to help you save money with the Courtesy Pay Program.

  1. ACH deposits (payroll, Social Security, etc.) are posted before ACH withdrawals (automatic deductions, etc.).
  2. We clear checks and ACH withdrawals from “low to high” in each file we receive, which means we clear the small dollar amount transactions before the large ones. In general, this allows more items to clear your account before Courtesy Pay is accessed, and you may experience fewer Courtesy Pay or non-sufficient funds (NSF) fees. (See example below.) Keep in mind that once a debit card is used, the merchant may place a hold on the funds for 1-5 days. If additional transactions are made that exceed the available checking balance, Courtesy Pay fee(s) may be charged.
  3. We will not charge a Courtesy Pay fee if the transaction that brings your account negative is $5 or less. (See example below.)
  4. Funds are transferred first from your savings account (or another designated account and/or line of credit) before accessing Courtesy Pay. The charge for overdraft transfers is $5 per day, regardless of the number of transfers, instead of the normal Courtesy Pay fee.
  5. Upon request, we’re happy to refund one overdraft fee every calendar year. Just ask.
Sound Credit Union
Clearing Items Low to High
AmountAccount Balance
Beginning balance1,000
Gym Membership75913
Overdraft Fee32(318)
Total Overdraft Fees: $32


Other Institutions
Clearing Items in Order of Arrival
AmountAccount Balance
Beginning Balance1,000
Overdraft Fee32(132)
Gym Membership75(207)
Overdraft Fee32(239)
Overdraft Fee32(283)
Overdraft Fee32(414)
Overdraft Fee32(450)
Total Overdraft Fees: $160

Please note: Debit transactions can clear at any time. Electronic Bill Pay withdrawals can happen at any time on the scheduled “Process Date.”

Search for another topic

By clicking here, you’ll be leaving soundcu.com. Sound is not responsible for any external content and our privacy policy does not apply.

Cancel Accept