Choice Plus Checking
Requirements for Choice Plus Checking
Requirements for Preferred Checking
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.
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 do authorize and pay overdrafts for the following types of transactions:
We do not authorize and pay overdrafts for the following types of transactions unless you ask us to (see above).
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.
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.
If you want us to authorize and pay overdrafts on ATM and everyday debit card transactions, call us at 434.237.1566.
More 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.
To open up a Member Plus Overdraft Protection stop by a branch or call 434.237.1566 today!
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.
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.
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.
If your card becomes lost or stolen, protect your funds by calling:
24 hours a day/ 7 days a week... We protect your account and allow you to act swiftly.