IU Credit Union Logo

Overdraft Protection

IU Credit Union offers a choice of overdraft protection options for your checking account:

  1. Transfer from Savings — Transfers available from a savings account* under the same account number. Refer to fee schedule for applicable fee. To set up overdraft transfers, please give us a call at 812-855-7823 or visit any branch.
  2. Transfer from a Line of Credit loan — upon credit approval. Apply now!
  3. Overdraft Privilege Program (ODP) — based on eligibility

*Money Market, IRA, and Escrow savings may not be used for overdraft protection.


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 check 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 checks and other returned items.

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 up to $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.


Frequently Asked Questions


Have questions?

We're ready to help you!

Give us a call at 812-855-7823 or toll-free 888-855-6928.