DoubleCheck NSF Services
We are proud to offer a helpful service for all members called "DoubleCheck."
Whenever you have Non-Sufficient-Funds (NSF) in your checking account to cover a payment you made, you will be sent a special alert by text or email. This alert gives you time to take action and rectify the situation before your payment is returned unpaid, ensuring critical payments like rent or utilities get paid, while protecting your reputation and credit rating.
Double Check also offers alternative payment options to add funds to your account after the fact, or use a credit card to cover expenses.
HOW DOES IT WORK?
View this tutorial.
• If you had conducted one or more transactions with your LAFCU checking account that would overdraft the account (bring the balance below zero), you will get a text message or email alert message like this:
“Your LAFCU account ending in [###] has insufficient funds for one or more transactions. Visit https://LAFCU.mydoublecheck.com or visit a branch before [TIME/DAY] to review resolution options.”
• After clicking the link, you’ll enter your normal credentials to access LAFCU’s online or mobile banking site.
• When accessing online banking, click the “Access DoubleCheck” link on the top row in the “More” (3 dots) list. When accessing mobile banking, click the “More” link on the bottom right of the home screen, then click “Access DoubleCheck” on the next screen. If you do not have any NSFs, you will see this screen message: “Great News! You have no remaining NSFs to resolve today!”
• Follow the instructions to decide how to pay for the potential NSF, including agreeing to the daily DoubleCheck fee per account. You only pay the fee if you use DoubleCheck. It doesn’t cost anything to login and view your transactions. The fee is applied only after you elect to make changes.
DoubleCheck is a great solution to help you avoid the negative consequences of bouncing a payment, including damaged relationships or a hit to your credit rating. You will also save money by avoiding late fees from service providers, as well as returned payment fees from the bank or credit union of the business that received the bounced payment.