IU Credit Union

Overdraft Privilege Program (ODP)

Ever worry that you don’t have sufficient available funds to cover a check you wrote? No matter how often you reconcile your account, you may occasionally miscalculate or simply run short. When your debit card is declined or a check is returned unpaid to a retailer, loved one, friend or business associate, it can be embarrassing. And, you may end up paying high penalties to the retailer for returned check charges.

Overdraft Privilege offers Peace of Mind:
Upon your request and if your account qualifies, Overdraft Privilege (ODP) can be established to pay checks, automated bill payments and other transactions* that exceed your Available Balance, up to your ODP limit of $600.

*Overdraft Privilege will not authorize and pay overdrafts for automated teller machine (ATM) or everyday debit card transactions unless you specifically elect or “opt in” for this coverage.





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