An overdraft occurs when you don't have enough money in your account to cover a transaction, but we pay it anyway. We can cover your overdrafts in two different ways:
1. We have Premium Overdraft Services which includes two separate components if you qualify*:
2. We also offer an Overdraft Line of Credit (if you apply and are approved), which may be less expensive than our Premium Overdraft Services. To learn more, contact a Member Service Representative at 1-800-645-4728 or visit gscu.org.
What is the Standard Overdraft Protection that comes with my checking account?
We do transfer any available funds from a linked savings or checking account.
We do authorize and pay overdrafts for the following types of transactions:
We do not authorize or pay overdrafts for the following types of transactions:
How can I opt-in to the ATM/Debit Card Overdraft Protection?
If you want us to authorize and pay overdrafts on ATM and debit card transactions, send a secure message through OnLine Banking, complete the form on gscu.org, visit one of our convenient branch locations, or speak to a Member Service Representative at 1-800-645-4728.What fees will I be charged if GSCU pays my overdraft?
What fees will I be charged if GSCU pays my overdraft?
Under our Premium Overdraft Services:
What if I want to opt-out of Premium Overdraft Services?
If you would like to opt-out of Premium Overdraft Services, send a secure message through OnLine Banking, visit one of our convenient branch locations, or speak to a Member Service Representative at 1-800-645-4728. No items will be paid until your opt-out request is revoked.
*In order to qualify for Premium Overdraft Services, you must be 18 or older, your checking account must be open for at least ninety (90) days, and you must be a member in good standing with GSCU.
**$500 for new members opting in. $1,000 for existing members opted in prior to 3/18/2020 (Temporary). We may authorize and pay overdrafts at our discretion. If we do not authorize or pay the overdraft, your transaction will be declined or returned.