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OU Credit Union offers simple solutions to cover transactions when one account has insufficient funds. With overdraft protection, you'll feel safe knowing you have a back-up plan.
Avoid NSF (Non-Sufficient Fund) fees by setting up overdraft protection. With overdraft protection, funds are automatically transferred from your OU Credit Union savings or loan accounts if you spend a bit more than you thought you had in your checking account.
Plus, overdraft protection is free as long as you elect to be notified via an eNotice. If you elect to be notified of the transfer by mail, you will be assessed a $5.00 fee.
Set Up Overdraft Protection
Visit a branch or call 248-364-4708 or 800-766-6828 to set up overdraft protection. You can also manage your overdraft preferences by logging into ComputerLine, selecting Manage from the top menu, and then clicking Overdraft Protection under the Create or Modify Accounts section.
Courtesy Pay works in addition to your overdraft protection for your checking account. If you write a check or authorize an ACH transaction and overdraft protection cannot cover the funds, Courtesy Pay may pay the transaction for you so it does not "bounce." A $30 fee is assessed each time Courtesy Pay is used.* Balance Shield will further protect your account. A Courtesy Pay fee will not be assessed for transactions resulting in a balance of $0.00 to -$5.00.
When Courtesy Pay is used, you will be notified of the transaction, and your checking account must be brought to a positive status immediately upon notification.
*Qualified members automatically receive this service. Whether your overdrafts will be paid is discretionary and we reserve the right not to pay if your account is not in good standing. Business or Organizational accounts, temporary residents, and members with accounts in default will not be granted this service.
Courtesy Pay for Debit is an additional form of overdraft protection that's available to help cover your Visa Debit Card transactions.* Avoid the embarrassment and inconvenience of declined transactions! If for whatever reason, funds are not available in your checking account at the time you make a Visa Debit Card transaction—for example, checking out at the grocery store—Courtesy Pay for Debit can help cover your transaction so your purchase is not declined.
Sign Up for Courtesy Pay for Debit
To set up this additional protection on your account, you must opt-in to this service.
*Whether your overdrafts will be paid with Courtesy Pay for Debit is discretionary, and OU Credit Union reserves the right not to pay if your account is not in good standing. Business and Organizational accounts, temporary residents and members with accounts in default will not be granted this service.
Whether it’s an emergency or simply a case of forgetfulness, overdrafts can happen. At OU Credit Union we understand that a simple overdraft can be costly, turning a slightly negative balance into a much larger problem.
Balance Shield is a commonsense policy that allows you to overdraft your account up to $5.00 with no fee! Balance Shield applies to both Courtesy Pay and Courtesy Pay for Debit (when opted in), on personal checking accounts* and associated debit cards.
It doesn’t matter how many transactions it takes you to get to negative $5.00, or why your account was overdrafted in the first place, no fee will be assessed until your balance exceeds -$5.00. However, we always recommend you bring any negative balance positive as soon as possible to avoid additional fees and keep your account in good standing.
|Transaction||Transaction Amount||New Balance|
|Check withdrawal||- $25.00||$25.00|
|Debit Card withdrawal #1||- $20.00||$5.00|
|Debit Card withdrawal #2||- $8.00||- $3.00 (no additional fee)|
|Debit Card withdrawal #3||- $1.29||- $4.29 (no additional fee)|
|Debit Card withdrawal #4||- $5.41||- $9.70 (fee will be assessed because balance reached the -$5.00 limit)|
|Courtesy Pay for Debit Fee||- $30.00||- $39.70|
Did You Know?
At OU Credit Union, Balance Shield isn’t the only way we help our members through a more thoughtful approach. We also clear your personal checks in a manner that allows you to get more out of the money in your account. When clearing multiple checks, we will clear them in order of lowest dollar amount to highest dollar amount. This practice helps you clear more checks and reduces fees if the funds are not available to cover every check.
Our approach to overdrafted accounts is just one way OU Credit Union thinks differently by thinking about you.
*Balance Shield not available for OU Credit Union's Rebuild Checking.
MSUFCU Routing Number: 272479663
MSUFCU SWIFT Code: MSUCUS44