Oops...No Problem Overdraft Privilege
Oops...No Problem Overdraft Privilege (commonly referred to as “ODP”) is a better way to cover an overdrawn account than an embarrassing NSF check, electronic withdrawal or debit transaction return.
Oops will allow payment of some or all overdrafts via:
- Teller withdrawals
- Check writing
- ACH withdrawals
- Home banking
- Telephone request
- Pre-authorized auto deduction
- ATM/debit card transactions
A per item will be imposed as per our service charge schedule. Member will be notified when privilege protection has been activated and will be requested to deposit funds within 45 calendar days from the day the advance was made.
Of course, the best way to avoid overdrafts is regular balancing and maintaining a register, but we understand “oops” happen. This service alleviates the embarrassment and alarm that come with NSF returns, as well as additional fees on the other end when payments are returned unpaid.
Terms & Conditions:
BlueOx offer Oops…No Problem Overdraft Privilege to members in good standing. To be considered in good standing, the following qualifications must be met:
- Over 30 days since account opening
- No losses to the Credit Union
- No outstanding charged off debts
- Has reached the age of 18
Members who are automatically enrolled in the program will be provided with a notice of enrollment, along with an opportunity to opt out at the time eligibility is established.
The total dollar amount of all overdrafts we will honor is:
- $750, including fees at any given time if account does not have direct deposit
- $1,000, including fees at any given time if account does have direct deposit
Oops No Problem Overdraft Privilege will be revoked in the case of failure to pay the negative balance upon demand. BlueOx may close your account and membership after written notice of the negative balance. Unpaid balances may be reported to credit reporting agencies.Go to main navigation