Overdraft Protection

Coverage for the unexpected

Overdrafts can happen to even the most carful people. That's why Sound offers four options for your protection and peace of mind.

You can choose from one or more of these easy-access options.

Overdraft Protection Options

 Automatic transfer from savings
Should an overdraft occur funds from your savings account will be transferred to cover the draft for a minimal fee of $5 per transfer.

 Automatic transfer from Personal Line of credit
Should an overdraft occur funds are automatically advanced from your available line of credit in $100 increments and transferred to your checking account. Interest is charged daily on the transferred amount. No fee is charged.

 Automatic transfer from Visa credit card
Should an overdraft occur funds are automatically advanced from your available Visa line of credit in $100 increments and transferred to your checking account. The transfer is treated as a cash advance; the standard Visa cash advance fee as stated in your Visa Credit Card Agreement apply.

 Courtesy Pay
Courtesy Pay covers transactions on your checking account up to your Courtesy Pay limit. There are two levels to Courtesy Pay, each with different levels of coverage.
 
  Basic Courtesy Pay
Paper Checks
Automatic withdrawals (ACH)
 Complete Courtesy Pay
Paper Checks
Automatic withdrawals (ACH)
ATM transactions
Debit card transactions
There is no monthly fee to use this service; you only pay for it if its used.
Learn more about Courtesy Pay

 
How to Opt-in to Overdraft Protection

Its easy to opt-in to overdraft protection.

 Call our Contact Center
 Visit your local Sound branch
 Log on to Online Banking
(only for Courtesy Pay protection)

 

This notice does not constitute either a written agreement of an obligation, or a pre-arranged agreement for Sound Credit Union to pay your overdrafts. Payments of any overdraft(s) will continue at the discretion of Sound Credit Union. The Courtesy Pay service may be withdrawn, reduced, or suspended at any time. Courtesy Pay fee is $29. A Courtesy Pay fee will be assessed for every item covered under your elected Courtesy Pay program. Items are paid "low to high" which means we clear small dollar amount items before large ones. You then have 30 days from your first overdraft to being your account current. All fees associated with the payment of overdraft items will be applied to the Courtesy Pay limit. At any time, you, or a joint account owner, may choose to remove the Courtesy Pay service be calling Sound Credit Union's Contact Center at 253.383.2016 or 800.562.8130, logging in to your account through Online Banking at soundcu.com, or visiting any branch.

1 Calendar year example: January 1, 2011 to December 31, 2011.

Sound Credit Union :: Checking :: Overdraft Protection