Overdraft Protection

• Funds automatically transfer from savings to checking¹
• Eliminates the worry of overdrawing
• Prevents embarrassment at check out
• Prevents bounced checks
• Prevents reoccurring transactions from being declined
• Prevents return service charge

¹A $5.00 service charge will be applied to each share transfer. Funds must be available in order to be transferred. For more information talk to a Member Service Representative.

• Line of credit¹ attached to your checking account
• Eliminates the worry of overdrawing
• Prevents embarrassment at check out
• Prevents bounced checks
• Prevents reoccurring transactions from being declined
• Prevents hassle of returned payments
• Prevents return service charge
• Low monthly payment

¹Application & approval process required for overdraft line of credit. Subject to fees & interest.

We authorize and pay overdrafts for the following types of transactions:

• Checks and other transactions made using your checking account number
• Automatic bill payments

We will not authorize and pay overdrafts for the following types of transactions without your consent.

• ATM transactions
• Everyday debit card transactions 

We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction. If we do not authorize and pay an overdraft, your transaction will be declined.

Under our standard overdraft practices:

• We will charge you a fee of up to $28 each time we pay an overdraft
• There is no limit per day on the total fees we can charge you for overdrawing your account

If you want HarborLight Credit Union to authorize and pay overdrafts on your ATM and everyday debit card transactions, you must complete the enrollment form.

Accounts will be charged the standard Overdraft service charge of $28 for handling each overdraft created by check, ACH, Point-of-Sale, ATM withdrawal, in-person withdrawal, or other electronic item that is paid and $28 for items returned.  An overdrawn balance must be repaid within 32 days.  We may not pay items under your Courtesy Pay if you do not maintain your account in good standing by bringing your account to a positive balance within every thirty-two (32) day period for a minimum of 24 hours, if you default on any loan or other obligation to HarborLight Credit Union or if your account is subject to any legal or administrative order or levy.