HarborLight Credit Union offers three convenient types of overdraft protection. An overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay it anyway. Good account management is the best way to avoid overdrafts. Use our mobile banking, online banking, and telephone banking services to keep track of your balance.

Get the 411 on Overdrafts
  1. Share Transfer
  2. Overdraft Line of Credit
  3. Courtesy Pay

Share Transfer

  • Funds automatically transfer from savings to checking*
  • Eliminates the worry of overdrawing
  • Prevents embarrassment at check out
  • Prevents bounced checks
  • Prevents reoccurring transactions from being declined
  • Prevents return fees
* A $5.00 fee 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.

Overdraft Line of Credit

  • Line of credit* 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 fees
  • Low monthly payment
*Application & approval process required for overdraft line of credit. Subject to fees & interest.

Accounts will be charged the standard Overdraft fee 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.

Courtesy Pay

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 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.

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

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

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

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