Overdraft Opt-In

Click HERE to access our Opt-In Form.

Dear SWOFCU Member,

For some time, Southwest Oklahoma Federal Credit Union has allowed members with qualified checking accounts to participate in our Courtesy Pay program which pays checks that overdraw your account (within certain limits) instead of returning them.

Banking regulations were established that  allow you to authorize us to pay overdrafts for your everyday debit card transactions using the same Courtesy Pay program.  Everyday debit card transactions are those transactions for one time purchases generally made at stores, restaurants, or other merchants.

Under the conditions of this banking regulation, we will not be able to authorize and pay overdrafts for your everyday debit card transactions unless you give us permission.

The general provisions of our Courtesy Pay program are the same for paper checks and everyday debit card transactions.  You will still pay a fee of $27.50 each time we pay an overdraft, but now, you will not be caught in the situation of having your debit card transaction declined due to a lack of funds (certain limits still apply) and potentially being charges additional fees by the merchant.

You can opt-in at any time but, we will not be able to include your everyday debit card transactions in our Courtesy Pay program until you give us permission to do so.

Click HERE to go to our Opt-In form on our website.  Once completed, return the form to your nearest SWOFCU branch.

If you have questions about this or any other matter related to your account, please contact your local branch or call the toll-free number listed below.


Southwest Oklahoma FCU