Additional Beacon Checking Account Perks

Check out the advantages that come from any of our Beacon Checking Accounts...

If you're already a member, apply for a Beacon Checking Account with Beacon Online Banking.

If you're not a member, contact to request a Checking Application or call us at 1.800.868.6655.

*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, maintains an average daily balance of $300.00, is registered for e-statements and conducts a minimum of 15 debit card transactions. A 0.05% APY is paid on the portion of account balances over $2,500 for each month the requirements are met. A rate of 0.05% APY will be paid on all balances over $0.01 each month the requirements are not met. Dividends begin the business day we receive credit for the deposit of non-cash items (for example, checks). Rates and terms for this account are effective November 14th, 2017 and subject to change. Dividends are compounded monthly. Beacon Credit Union checking accounts are subject to debit qualification.
**A $1.50 Charge for Balance Inquiry Only - Automatically deducted at the time of inquiry. Withdrawals are free.

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

We do 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, taking into account an overdraft privilege limit that we establish for each account. However, this 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 $40 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, call us at 434.237.1566.

Work, kids, school, exercise, hobbies... whatever you're juggling, sometimes the little things can be forgotten. When balancing your checkbook is the last thing you have time for, Beacon has several options to protect you from high fees and failed transactions.

Member Plus Protection

Member Plus Protection is a personal line of credit built to act as a safety net for your checking account. With a Member Plus Protection account you'll benefit from...

  • $500 to $3,000 Credit Limit*
  • Funds are available in $100 increments
  • Members may take advances in person
  • Minimum payment is 3% or $25, whichever is greater.

To open a Member Plus Protection account, stop by a branch or call 1.800.868.6655 today!

Savings transfer

Want a safety net, without an extra line of credit? Set up an overdraft protection transfer from a Beacon savings account. In the event of an overdraft, available funds will be automatically pulled into your checking. Click here to see transfer fees that may apply.

Overdraft Priviledge

Beacon's Overdraft Priviledge program is an added benefit to having a Beacon checking account.** Overdraft priviledge is not a line of credit. However, if you inadvertantly overdraw your account, we will have the discretion to pay the overdraft for you until you're able to deposit the necessary funds to cover that purchase. There is no fee for opting in to the Overdraft Priviledge program.

For a list of frequently asked questions regarding the Overdraft Privelege program, click here.

You can opt in or opt opt out of this program in the following ways...

  • Call us at 1.800.868.6655
  • Fill out this online consent form
  • Visit a branch
  • Email via secure message through the mobile app or Beacon Online Banking

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!

*Subject to credit approval.

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 you can use Beacon Online Banking to monitor your purchases from your computer or cell phone. 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. 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.

24 hour access to your accounts at ATM locations.

Click here to locate a Beacon Credit Union ATM or you can use your Debit Card at any ATM with the Visa logo.

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. Information on each debit card purchase will be listed on your monthly checking account statement and can be tracked with Beacon Online Banking.

Track all your transactions through text with Card Guardian

You can now monitor your credit and debit card transactions through text! Simply enroll your card at the Card Guardian website and you will receive a text message for every transaction you make. Click here to register your card today!

Lost or Stolen Card?

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

24hour phone1.800.682.6075 within the United States or 206.352.3482 outside of the United States

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

For important contact information for your Debit Cards, please click here.

Online Banking