Overdraft Tolerance (ODT) & Overdraft Tolerance Plus (ODT Plus)

Frequently Asked Questions

Q: How does the credit union handle an item presented for withdrawal on my account when there are insufficient funds to cover the transaction?

A: A non-sufficient fund item (NSF item) is a transaction on your account where the amount of the transaction is greater than the available balance in your account. If an NSF item is presented on your account, we strive to pay your overdrawn item in accordance with our Overdraft Services.

Q: What fees are associated with overdrawing my account?

A: You will be charged a fee each time we pay an overdraft for your accounts. You may also be assessed additional fees if your account remains overdrawn. See our current Fee Schedule for more details.

Q: What is the difference between ODT and ODT Plus?

A: ODT Plus is a discretionary service designed to pay checks, automatic bill payments and other electronic payments and transfers in spite of insufficient funds. The credit union will automatically qualify and disqualify accounts for ODT based on specific account performance criteria.

ODT Plus is a discretionary service that includes ODT, but is also designed to cover everyday debit card purchases in spite of insufficient funds. ODT Plus requires your affirmative consent through an Opt-in process.

Q: Can I Opt-in to ODT Plus for my everyday Debit Card transactions at any time?

A: Yes, you or a joint owner may Opt-in at any time. If you wish to have your everyday debit card purchases included under this service, complete our online opt-in form or call 812-253-6928, Option 1, or stop by any branch location to provide your consent.

Q: Does my account have to qualify for ODT, to be able to Opt-in for ODT Plus?

A: No, you may Opt-in to ODT Plus at any time, but your everyday debit card purchases may not be covered unless your account qualifies for ODT.

Q: My spouse and I are both owners on two different accounts. If we want to have our everyday debit card transactions included as part of ODT Plus, do we both have to Opt-in?

A: Only one owner per account must Opt-in for a consent to take place.

Q: How could Opting-in to have my everyday debit card transactions included as part of ODT Plus benefit me?

A: From time to time, many of us have experienced that moment when our account balance was less than we thought, so the occasional overdraft can happen and we want to try to pay those transactions. If it happens, Opting-In may allow your everyday debit card purchases to be accepted, which saves you the potentially embarrassing experience of being declined or leaving you in a position where you may be unable to complete a transaction for an urgent purchase.

Q: What will happen if I do not consent to having my everyday debit card transactions authorized using ODT Plus?

A: Your everyday debit card transactions may be declined in the event of an overdraft. ODT will continue to be in effect for your checks, automatic bill payments and other electronic payments and transfers, if your account qualifies.

Q: If I Opt-in to have my everyday debit card transactions included as a part of ODT Plus, will they always be authorized regardless of available funds?

A: No, the credit union has the discretion to approve or decline a transaction that causes an account to become overdrawn. It is our process to strive to pay all overdraft items when possible when an account has qualified for ODT.

Q: Is there a dollar limit to how much ODT and ODT Plus will allow my account to overdraw?

A: Yes. The limits generally coincide with your checking account type. For more information, call 812-253-6928, Option 1, or stop by any branch location.

Q: Is ODT a line of credit or a loan?

A: ODT is not a line of credit or a loan. As a non-contractual courtesy, we will strive to pay your overdrafts based on your account performance, which includes, but not limited to, your past deposit history, the age of your account and how quickly you have repaid any overdrawn items in the past. This service may be withdrawn at any time.

Q: How will I know if my account balance is low or I am overdrawn?

A: You can access Online, Mobile, or Telephone Banking 24/7 to see your account balances and history. Also, to help manage your account, you can choose to receive email or text message alerts when your account drops below a certain balance or when you have an overdraft. Login to Online or Mobile Banking to set up your account alerts.

Q: How quickly do I have to deposit funds to cover an overdraft?

A: You are required to deposit funds immediately to cover any overdrafts. If your account has a negative balance for an extended period of time, and you do not contact us or deposit funds, your account will be closed and reported to a consumer reporting and/or collection agency.

Q: Can I Opt-out of ODT Plus for my everyday Debit Card transactions at any time?

A: Yes, you or a joint owner may revoke your prior consent at any time by calling 812-253-6928, Option 1, complete our online opt-in form, or stop by any branch location. Once authorization is revoked, any future items may be returned or denied.

Q: Can I change my Opt-in and Opt-out election of ODT Plus for my everyday debit card transactions at any time?

A: Yes, you may change your everyday debit card transactions choice at any time; however, each time you make a change it may take up to five (5) business days after the receipt of the Opt-in or Opt-out notice to complete the request.

Q: Can I opt-out of the ODT for all NSF transactions?

A: Yes, if you or a joint owner do not wish to have your NSF items paid under this service and would prefer to have all of your non-sufficient fund items returned and/or denied, please call 812-253-6928, Option 1, or stop by any branch location.

Q: Why doesn’t ODT automatically include all types of transactions for consumer accounts?

A: Under Regulation E for consumer accounts, we will not intentionally authorize and pay everyday debit card transaction that overdraw your account without your permission. You must consent to having us authorize and pay your everyday debit card transactions that overdraw your account for which you will incur our standard NSF fee per item for consumer accounts.

Q: Are business accounts impacted by Regulation E?

A: No, Regulation E applies to consumers only. All business transactions will be processed under the credit unions standard overdraft practices.

Go to main navigation