- Frequently Asked Questions
- Checking Accounts
Checking Accounts
What are your checking account options?
Oregonians CU offers a variety of checking accounts to meet your needs. Whether you're looking for an account that pays you cash rewards, or an account with a higher interest rate - we've got you covered.
Our three checking accounts to choose from are:
- My Rewards Checking
- My Interest Checking
- My Checking
To compare checking accounts, click here.
What is the difference between a non-sufficient funds fee (NSF) and an overdraft fee?
A non-sufficient funds (NSF) fee is the fee charged when an item attempts to clear an account and there are not sufficient funds to pay it. These items are returned unpaid and an NSF fee of $20 per item is assessed to the account. The maximum NSF charge is $60 per day.
An overdraft is when the credit union automatically transfers funds from savings or an Overdraft Line of Credit to cover an item presented in your checking. Your first 3 overdrafts per month from savings are free, each additional transfer is $10, up to a maximum of 6 transfers per month as stated by Federal Regulation D. Transfers from an Overdraft LOC are $2 per transfer, with no monthly maximum.
How much does it cost for a check/draft stop payment?
The fee for a stop payment on a check is $20 per check with a maximum of $60 per series.
Why am I not earning cash rewards on my debit purchases?
If you have a Cash Back Spend account and you didn't earn cash back for the month, this means you didn't make 15 debit card purchases that month. If you had debit transactions pending that hadn't posted by 11:55pm on the last day of the month, these don't count. Also remember, only debit purchases count (not money transfers, direct deposits, ACH or bill payments using the routing and account numbers, etc.).
If you have an Unlimited Checking account and you didn't earn rewards, this means you didn't set up an account alert. You can add Account Alerts in digital banking. Log in, open the main menu, click Account Alerts, then add an Account Specific Alert. Make sure to click Save.
Applies to: Cash Back Spend, Unlimited Checking
Is there a fee for overdraft transfers?
Oregonians Credit Union allows up to 3 overdraft transfers from your savings account per month for free. Each additional transfer is $10.
We also offer an Overdraft Line of Credit.
Why won't my savings overdraft to my checking?
Your checking account is set up automatically to overdraft from your savings in the event an item is presented for more than is available in your checking. As long as there are sufficient funds in your savings account, the funds will transfer automatically to your checking to cover the presented item.
There are limits to the number of overdrafts that can be done in one calendar month. These limits are set in place by a federal regulation called Regulation D. This regulation also limits transfers or withdrawals from a savings account, without a signature, to six (6) per calendar month. Transactions without a signature include transactions made with us over the phone, in digital banking, and automatic overdraft transfers. Any transfer or withdrawal in excess of 6 must be completed in a branch or at an Oregonians ATM.
How can I order checks?
If you have not ordered checks in the past two years, you will need to contact us to place an order. Call us at 503.239.5336, toll free at 800.982.2974 or email us and we will be happy to order your checks. You may also place an order by visiting any of our branches.
If you have ordered checks in the past two years, you may order online at the Harland Checks Connect website. You will need our routing number (323075709), your 13 digit account number and your starting check number.
Do you have a minimum balance requirement for checking accounts to avoid a monthly fee?
None of our checking accounts have monthly maintenance fees, nor do they have minimum balance requirements.
All of our checking account have a minimum OPENING balance of $50 (first time deposit).
Do you have a switch kit?
For more information on switching your accounts to Oregonians, click here.
How do I know when funds will be available from my deposit?
If funds are not available immediately, a Member Service Representative will inform you of the date funds will be available. This applies to deposits made in the branch, through night drop or by mail.
To determine the funds availability* on deposits made through an ATM or Shared Branching, please contact a Member Service Representative at 503.239.5336 or 800.982.2974 or memberservices@ofcu.com.
*ATM and Shared Branching deposits generally have a hold of 5 days or more.
Can I setup overdraft protection on my checking account?
Yes, you can setup overdraft protection to your checking account from your savings account, money market account, or credit card. The first three overdraft transfer in a calendar month are free.
We also offer an Overdraft Line of Credit, with a credit limit up to $1,000. Advances from this credit line have a fee of $2 each. For more information, click here.
Do you have debit card rewards?
Our My Rewards Checking account pays monthly cash rewards. You'll earn $.10 every time you swipe your card, plus an extra $.05 if you have a qualifying loan.
To earn cash rewards for the month, you'll need:
- To log in to digital banking at least once
- Receive an account alert
- Have a direct deposit of $500 or more
- Be signed up for e-Statements
Click here for more information on My Rewards Checking.
What is the age requirement to open a checking account?
Members need to be 18 or older to open a checking account on their own without a parent.How do I change from one checking to another checking account?
To change your Oregonians checking account from one type of checking account to another type, please visit a branch or give us a call at 503-239-5336.Do debit card transactions of any amount count?
When it comes to meeting the 15 debit card transaction requirement on our Cash Back Spend and High-Yield Checking accounts, there is no minimum amount for the transaction to count.
Applies to: Cash Back Spend, High-Yield Checking
How and when do checking account cash rewards post?
For members with a Cash Back Spend or Unlimited Checking account, cash reward payouts take place monthly on the first day of the following month (if the Monthly Goal was met). The cash reward payment posts automatically to your Member Rewards savings account (this account will be opened at the time you open your checking account).
Applies to: Cash Back Spend, Unlimited Checking
How do High-Yield Checking dividend tiers calculate on $25,000+?
If you have more than $25,000 on deposit in your High-Yield Checking, your overall interest rate paid on your balances will be blended. You'll earn the higher rate on balances up to $25,000, and the lower rate on balances over that amount.
Applies to: High-Yield Checking
Is there a direct deposit requirement?
Nope. We don't have a direct deposit requirement on our Cash Back Spend, High-Yield Checking, or Unlimited Checking accounts.
Applies to: Cash Back Spend, High-Yield Checking, Unlimited Checking
Is there a minimum spend per transaction to earn cash back?
There is no minimum spend per transaction to earn cash back on our Cash Back Spend account.
Applies to: Cash Back Spend
What counts as a 'qualifying' debit card transaction?
For the Cash Back Spend and High-Yield Checking, qualifying transactions exclude ATM transactions, P2P transfers (like Venmo or Cash App), ACH/EFT transactions, wire transfers, currency purchases, money orders, or account-funding transactions (like Apple reloads).
They include all other debit card transactions, of any amount.
Please note, for the transactions to count toward the Monthly Goal of 15, it must be posted and settled by 11:55pm on the last day of the calendar month.
Applies to: Cash Back Spend, High-Yield Checking
Is there a maintenance fee if I don't meet the Monthly Goal?
Nope, our rewards checking accounts have no monthly maintenance fees. If you don't meet the 15 debit swipes to earn rewards on our Cash Back Spend or High-Yield Checking, or you don't set up an account alert on our Unlimited Checking, your account doesn't the monthly reward... but there's never a maintenance fee.
Applies to: Cash Back Spend, High-Yield Checking
Do debit card purchases under $5 earn rewards?
On our Cash Back Spend account, yes, debit transactions of any amount earn cash back. On our Unlimited Checking account, no, debit transactions under $5 do not earn cash back.
Applies to: Cash Back Spend, Unlimited Checking
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