We offer several ways to cover shortfalls in your checking account
Three overdraft protection choices
Added coverage available for ATM and debit card transactions
Link to other deposit accounts to cover shortfalls
Opt in and out of protection plans at any time
Keep a close watch
How can you avoid overdrafts? We recommend all members make regular use of Digital Banking to keep track of account balances.
What you should know about overdrafts and overdraft fees
It can happen to anyone. An arithmetic error or an unexpected expense may lead to not having enough in your account to cover a transaction. Our general policy is to accept the transaction so you are not inconvenienced by a rejected payment or hefty merchant fees.
- We have standard overdraft practices that automatically come with your account.
- You can request extended overdraft coverage, which includes ATM and debit card transactions.
- We also offer overdraft protection plans, which may be less expensive than our standard overdraft practices. For instance, you can arrange for automatic transfers in $100 increments from another deposit account to cover overdraft transactions. We charge a $5 fee for each transfer. To learn more, call (800) 397-3790 or visit a branch location.
The default standard is that we will authorize and pay overdrafts for the following types of transactions:
- Checks and other transactions made using your checking account number (including ACH transactions)
- Automatic bill payments (including recurring monthly payments)
We will not pay overdrafts for the following transactions unless you ask us to:
- ATM transactions
- Everyday debit card transactions
We pay overdrafts at our discretion; we do not guarantee we will always authorize and pay any type of transaction. For example, we typically do not pay overdrafts if:
- Your account is not in good standing
- You are not making regular deposits
- You have too many overdrafts
If we do not authorize and pay an overdraft, your transaction will be declined.
Detailed overdraft fee information
Overdraft Privilege Fee: $29.00/Item (Maximum of 5 fees per day for consumer accounts and 10 fees per day for business accounts.)
Overdraft Protection Transfer Fee: $5.00 (May include sales tax. Minimum transfer is $100.)
Note: If your account is overdrawn for thirty-two (32) consecutive calendar days, any Overdraft Privilege will be reduced. You must bring your account balance positive for at least one business day to have the full Overdraft Privilege limit reinstated. Your account may be closed if the balance is not brought positive within 45 days of the date it became overdrawn.
Please click on the links below if you'd like to view GreenState's Schedule of Fees and Charges.
Avoid overdraft fees with Overdraft Privilege from GreenState Credit Union. Reach out to a lender in your area or visit a branch today.
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