Harborstone Credit Union: No One Takes Better Care of You

Member Benefits

Your membership has real value, because you're a part owner in Harborstone. The profits we make and the relationships we build are returned to you in better rates, lower fees, and a range of benefit options that are unmatched in the industry.

  • Avoiding Fees
  • Overdraft Protection
  • Financial Counseling
  • Reward Programs
  • Convenience Services

Overdraft Protection and Extended Overdraft Options

An overdraft occurs when you do not have enough money in your account to cover a transaction but Harborstone allows your payment to be made anyway. You have three options when it comes to how and what overdrafts are covered. Overdrafts are determined based on the available balance in your checking account at the time a check or item is presented. Your available balance may be lower than your actual balance due to funds held for debit card transactions you have authorized and deposited checks held pursuant to our funds-availability policy.

 

1. Savings-Only Overdraft Protection Option

The savings-only overdraft protection option comes with your account. With this option, overdrafts will be covered only if the amount needed to cover the overdraft is available in your savings. Additionally, only six transfers or withdrawals are allowed out of your savings each month. This includes Online Banking transfers or transfers over the phone. After the sixth transfer or withdrawal, your overdrafts will not be authorized or paid.

 

2. Opt-in-Select Extended Overdraft Option

To choose the opt-in-select extended overdraft option, you'll need to submit your request online or print and complete the form. With this option, whether or not the extended overdraft will be covered is based on the type of withdrawal.

Harborstone WILL authorize and pay overdrafts for the following transactions:

  • ACH withdrawals and recurring debit transactions
  • Online Bill Pay transactions
  • Checks written from your checking account
 

Harborstone will NOT authorize and pay overdrafts for the following transactions:

  • ATM transactions
  • One-time debit card transactions
 

3. Opt-in-All Extended Overdraft Option

To choose the opt-in-all extended overdraft option, you'll need to submit your request online or print and complete the form.

By selecting this option, you give Harborstone consent to authorize and pay extended overdrafts for the following transactions:

  • ACH withdrawals and recurring debit transactions
  • Online Bill Pay transactions
  • Checks written from your account
  • ATM transactions
  • One-time debit card transactions
 

Authorize and Pay Extended Overdrafts

If you want Harborstone to authorize and pay extended overdrafts on the transactions listed in Option 2 or 3, submit your request online or print and complete the form and return it to your local branch or mail it to: P.O. Box 4207, Tacoma, WA 98438-0207. Please allow two business days for your opt-in request to be completed.

Overdraft Fees

  • Overdraft covered from savings: Free
  • Overdraft covered by Harborstone: $30 each
 

Read the complete disclosure.
Harborstone Credit Union limits overdraft fees we charge for overdrawing your account in a single day to six overdrafts, with a maximum total of $180 in overdraft fees per day. Harborstone will pay overdrafts at our discretion, which means we do not guarantee we will always authorize and pay any type of transaction. If funds are available in your savings account, we will first transfer funds from your savings account to pay items if the checking account balance is insufficient.

 

Extended Overdraft Request

 
 
 
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TRANSIT/ABA ROUTING: 325180870
(253) 584-2260 OR 1-800-523-3641
P.O. BOX 4207, TACOMA, WA 98438-0207
COPYRIGHT © HARBORSTONE CREDIT UNION
FEDERALLY INSURED BY NCUA