Account Description

At GUASFCU, you are a member, not a customer. As a not-for-profit credit union, every dollar we earn is directly re-invested in our members in the form of lower fees, higher savings rates, and improved products and services. Whether you are a current student, international student or alum, GUASFCU's savings and checking account are tailored for you. You will experience the best Georgetown banking experience. Below are the benefits of our savings and checking accounts. Please contact us if you have any additional questions. To see a complete listing of our fees, please see the Truth in Savings Disclosure.

Account Type Interest
eStatement Fees & Features
Savings .10% Free! Free! - No fee to open account
- Low $10.00 minimum balance
- Link to your checking account for free
- Earn interest on your money
Checking - Free! Free! - No minimum balance
- No monthly fees
- Withdraw funds via check, teller, or ATM
- Linked to your VISA Debit Card
- Free Online Banking

Eligibility Requirement

All enrolled Georgetown students (including incoming students), alumni and their immediate family members are eligible to open an account at GUASFCU. A valid Social Security Number is a prerequisite for membership eligibility.

Funds Availability Policy

All check deposits greater than $300.00 will be frozen for a minimum of four business days from the time of the deposit.

The first $300.00 will be credited to your account at the time of the deposit. During that period, you may not make withdrawals or write checks on the frozen balance.

Exceptions to our Funds Availability Policy include: Cash, Georgetown University checks, Cashier's and Certified checks, US Postal Service money orders, Checks drawn on GUASFCU accounts, electronic ACH direct deposits, Checks drawn on local or non-local institutions, US Treasury checks, District of Columbia Government checks, Federal Reserve Bank checks, and Federal Home Loan Bank checks.

All Quickpay deposits greater than $300.00 will be frozen for a minimum of three business days from the time of the deposit. For all recurring Quickpay deposits, funds will be withdrawn from the external bank account three business days prior to the 1st or 15th of every month, regardless of amount.

Overdraft Protection

Our overdraft protection service links your checking account to your savings account and/or a personal line of credit, if applicable, and vice versa. Overdraft protection covers checks and electronic payments (not including debit card transactions or ATM withdrawals) and will automatically be activated if you do not have sufficient funds in your checking account to cover a check or payment but do have sufficient funds available in your savings account or on your line of credit. The same fee applies for transfers from checking to savings accounts to cover savings account negativity when a sufficient checking account balance exists. If available, the funds will automatically be transferred and a $10.00 transfer fee will be debited from your account. All members starting June 3, 2015 will have Overdraft Protection; however, you may opt to cancel the service at any time by informing us via phone, fax, email, or mail. Should you choose to refuse the Overdraft Protection, any transactions that draw your checking or savings accounts negative will be automatically returned and assessed a $35.00 non-sufficient funds fee, regardless of other account balances.

Important Disclosures

For a list of important disclosures regarding GUASFCU Checking & Savings Accounts, click here.
To read the US Patriot Act, click here.