A Checking Account to fit your lifestyle...

checking accounts beacon credit union central virginia lynchburg forest madison heights

All Beacon Checking Accounts offer...

To Request your Checking Application contact This email address is being protected from spambots. You need JavaScript enabled to view it.g

*A $1.50 Charge for Balance Inquiry Only - Automatically deducted at the time of inquiry. Withdrawals are free.
**For Choice Plus Checking... 5.05% Annual Percentage Yield (APY) paid on balances between $0.01 and $2,500 each month a member makes one direct deposit and a minimum of 15 debit card transactions. A 0.15% APY is paid on the portion of account balances over $2,500 for each month the requirements are met.  A rate of 0.15% APY will be paid on all balances over $0.01 each month the requirements are not met. Interest begins the business day we receive credit for the deposit of non-cash items (for example, checks).  Rates and terms for this account are effective October 7, 2011 and subject to change.  Interest is compounded monthly.  Choice Checking accounts are subject to credit qualification.  $100 minimum opening deposit required.

Why you need to Opt In and have Beacon Credit Union authorize and pay overdrafts for ATM and everyday Debit Card transactions. There is no fee for opting in. By opting in, you authorize Beacon Credit Union to cover your ATM and everyday Debit Card transactions when you do not have enough money in your account. This valuable service may help you in case of financial emergencies and unexpected out-of-town expenses. This service also may prevent the embarrassment of an ATM or everyday Debit Card transaction from being declined and provides greater flexibility in managing your money. The only time you pay a fee for this service is when you use this service.

You are required to Opt In for this service because of new regulatory requirements.

If you don't opt in there is no emergency protection for everyday Debit Card and ATM Card transactions.


What you need to know about Overdrafts and Overdraft Fees

An overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay it anyway.  We can cover your overdrafts in two different ways:

  • We have standard overdraft practices that come with your account.
  • We also offer overdraft protection plans, such as a link to a savings account, which may be less expensive than our standard overdraft practices.

What are the standard overdraft practices that come with my account?

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

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

After August 15, 2010, we will not authorize and pay overdrafts for the following types of transactions unless you ask us to (see above).

  • 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.

What fees will I be charged if Beacon Credit Union pays my overdraft?

We will charge you a fee of up to $35 each time we pay an overdraft. There is no limit on the number of overdrafts we can charge.

What if I want Beacon Credit Union to authorize and pay overdrafts on my ATM and everyday debit card transactions?

If you want us to authorize and pay overdrafts on ATM and everyday debit card transactions after August 15, 2010, submit the information above or call Member Services at (434) 237-1566.

Avoid Overdrafts With MemberPlus Protection

memberplusMore than 1 in 5 people (21%) have overdrafted their accounts at least once in the past year. Nearly a third of people (31%) that have overdrafted have done it more than 5 times. When those instances occurred, 69% of them were happy that their financial institutions covered the payment. MemberPlus Protection from Beacon Credit Union is something that can help you in case of the occasional or accidental overdraft.

MemberPlus Protection Features:*

  • $500 - $3,000 Credit Limit
  • Funds are advanced in $100 increments
  • Members may take advances in person
  • Minimum Payment: 3% or $25; whichever is greater.

To open up a Member Plus Overdraft Protection stop by a branch or call 434.237.1566 today!

Checking Made Simple... Just Swipe
and Go!

Pay for your daily purchases, right from your Beacon checking account. No more check writing, no need to carry large amounts of cash or run up your credit cards... Simply "swipe and go".

Record keeping is easy. Debit Card Purchases will appear on your monthly checking account statement and can be seen through PC Banking.  And, because it's a Visa - you won't be held liable for fraudulent charges.

Use It Instead Of A Check

Beacon Credit Union's debit card can be used at retail merchants displaying the VISA logo and at terminals located at gas stations, grocery stores or restaurants - wherever you see the VISA logo. There's no  fee for this added convenience. By using your debit card at these locations, the amount of your purchase is deducted automatically from your Beacon checking account at the time of purchase. If you would like additional cash back from your transaction, simply tell the sales clerk the amount you want (cash back amounts vary). They can add your requested amount to your total and provide the extra cash. This can save you an extra trip to an ATM or the credit union to make a withdrawal.

Similar To An ATM Card

With your Personal Identification Number (PIN), the Beacon debit card gives you 24 hour access to your accounts at all area Beacon ATM locations.

Convenience, Convenience, Convenience

Managing your money is easy when using your Beacon debit card. At most places, you simply hand the cashier your card and then sign the receipt, just as you would if you were paying with a credit card. In other places including most supermarkets and gas stations, you can choose  to enter your PIN. For each debit card purchase, you will receive a printed receipt so you can record the amount in your checkbook register at a time convenient for you. Information on each debit card purchase will also be listed on your monthly checking account statement and can be tracked on PC Banking.

Lost or Stolen Card?

If your card becomes lost or stolen, protect your funds by calling:

24hour phone1-800-472-3272

24 hours a day/ 7 days a week... We protect your account and allow you to act swiftly.

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