We do authorize and pay overdrafts for the following types of transactions:
- Checks and other transactions made using your checking account number
- Automatic bill payments
We will not authorize and pay overdrafts for the following types of transactions without your consent:
- ATM transactions
- Everyday debit card transactions
We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction.
If we do not authorize and pay an overdraft, your transaction will be declined.
Under our standard overdraft practices:
- We will charge you a fee of up to $30 each time we pay an overdraft
- There is no limit per day on the total fees we can charge you for overdrawing your account
If you want us to authorize and pay overdrafts on ATM and everyday debit card transactions, call 248.549.3838 or complete the form here and present it at a branch or mail it to: 3070 Normandy Road, Royal Oak, MI 48073. You can revoke your authorization for OUR Credit Union to pay these overdrafts at any time by any of the above methods. Your revocation must include both your name and your account number so that we can properly identify your account.