Bank
Checking Accounts at OSCU
Open an Ocean State Credit Union Checking Account today! All our accounts have the option for a Visa® Debit Card (see benefits below)
- Visa® Debit Card
- Unlimited Debit Card Purchases
- Online Banking
- Bill Pay Service
- E-statements with check images
- Mobile and Text Banking
- Unlimited check writing
- Overdraft Options Available
- Telephone Banking is our 24-hour automated service that you may call to access your accounts from any touch tone telephone
- 24-hour ATM access at thousands of surcharge-free ATM machines that are part of the Accel®, Plus® and Credit Union Connection Networks (applicable fees may apply from the owner of the ATM)
Personal Checking
As a Member of Ocean State Credit Union, you will enjoy a variety of conveniences. Just look at the incentives that come with an Ocean State Credit Union Personal Checking Account.
Avoid a low monthly fee by maintaining a minimum daily balance and using your Visa® Debit Card.
Each statement cycle, your account must meet the following two conditions:
The maintenance fee will be waived.
- A minimum daily balance of $1,000.00 must be maintained throughout the statement cycle
AND - A minimum of 8 Point of Sale (POS) purchases must be made using your linked Visa® Debit Card throughout the statement cycle
We reserve the right to change the terms of this account at any time with proper notice.
Electronic Checking
Transitioning to a paperless checking system has never been more convenient. This is just one of the advantages of an Electronic Checking Account at Ocean State Credit Union.
Easy to waive monthly fees* The monthly service fee may be waived by signing up for electronic statements, direct deposits and by using your Visa® Debit Card!
Each statement cycle that your account meets the following conditions;
The maintenance fee will be waived.
- A minimum of 2 Direct Deposits totaling up to $500.00 within the statement cycle
- A minimum of 1 Point of Sale (POS) purchases must be made using your Visa® Debit Card throughout the statement cycle
AND - Must be signed up for Online Statements
We reserve the right to change the terms of this account at any time with proper notice.
Student Checking
Starting out as a young adult can be challenging, so let us help make it a little easier for you. Members ages 13 through 24 are eligible for a Student Checking Account! This account type is free of monthly service fees and includes a Student Visa® Debit Card
The OSCU Student Checking is an excellent first account for young adults and teens who want to learn more about managing their finances and achieving their goals.
For applicants under the legal age of 18, the Parent/Guardian (”Joint Owner”) will assume full responsibility for all transactions and usage of a VISA DEBIT CARD, Online/Mobile Banking, or other Electronic Services conducted through this account. By opening this account the Joint Owner agrees to these terms and conditions that are provided at account opening.
1 Usage limits on Student Visa® Debit Card can be set and lowered by the Adult Owner on the account at the time of account opening. Limits available upon request.
Account type is limited to those members between the ages of 13 and 24. At 25 account will be converted into a Personal Checking Account. Please review your Truth in Savings Disclosure or speak to one of our Member Service Representatives for more information.
We reserve the right to change the terms of this account at any time with proper notice.
Small Business Checking
No-Nonsense Business Checking Accounts:
Flat-Fee Business Checking
- $20/month for accounts with an average daily balance less than $5,000.00
Free Business Checking
- For accounts with a maintained average daily balance of $5,000.00 or more per statement cycle
Business Checking Account Features:
- Unlimited Check Writing
- Incoming Wire Service Available
- Business VISA® Debit Card
- FREE ATM Transactions*
- Direct Deposit
- Online Banking and Bill Pay
- Overdraft Protection Available
- Check Imaging Available
Overdraft Product Options
Learn more about Overdraft Privilege and what it means for you!
Overdraft Privilege Service – You Must Opt In for this Service.
- $500.00 that Ocean State Credit Union may cover in the event of an overdraft
- Returned Checks and Automatic Withdrawals (ACH) will be honored up to that amount.
- Fee is $30.00 per transaction
You MUST OPT-IN for Ocean State Credit Union to authorize and pay overdrafts for ATM Transactions and OSCU Visa® Debit Check Card transactions. If you do NOT OPT-IN for this service, your ATM Transaction or OSCU Visa® Debit Card transaction will be declined (review the details of “OPT IN / OPT OUT for Overdraft Services” via the Opt-In link).
Overdraft Protection Linked to Statement Savings Account
- Draws from your own Statement Savings Account in the event of an overdraft.
- Fee is $5.00 per transaction
- Returned Checks and OSCU Visa® Debit Card transactions will be honored up to the amount that is available in your Statement Savings Account.
Overdraft Line of Credit
- A convenient way to avoid checking overdrafts.
- Overdraft Line of Credit is available up to the amount of $1,000.00.
- Payments are 5% of the outstanding balance, but never less than $25.00 per month.
- Advances are granted in increments of $50.00.
- Overdraft Line is determined upon credit pre-qualfication through Consumer Loan application.
- A 15.00% APR interest rate is applicable while Line of Credit is in use.
- APR = Annual Percentage Rate. All rates are subject to credit approval and may change at any time.
Overdraft Protection Rate
| Term | Rates(as low as) |
|---|---|
| Open | 15.00% APR - $1,000.00 Maximum Advance in $50.00 Increments |
Rates effective as of September 26, 2018
*APY = Annual Percentage Yield
Products In Italics Have A Special Rate.
Rates Are Subject To Change at anytime without notice
OSCU Visa® Debit Card
An Ocean State Credit Union Visa® Debit Card that works like a check, only better! When making purchases, the amount purchased is deducted directly from your Ocean State Credit Union Checking Account. The OSCU Visa® Debit Card is valid anywhere that Visa® is accepted.
How Does it Work?
Debit Card transactions are automatically deducted from your OSCU Checking Account and typically posted within 24 hours of your purchase. So you may check your updated balance and transaction record via your Online Banking services at OceanStateCU.org or dial into the Telephone Banking system at (800) 822-8077.
Account Tracking
You will be able to track your transactions each month when you receive your Checking Account Statement with the details of each purchase including merchant name, location, date and amount. If you’re signed up for online and mobile banking you have the added benefit of being able to track your accounts over the internet.
Card Management for Online and Mobile
Protect your Ocean State Credit Union cards by sending you transaction alerts and giving you the ability to define when, where and how your cards are used. Simply log into your Online or Mobile Banking, then customize your alert preferences and usage settings to monitor and manage your cards.
Pay with your Mobile Wallet
Make payments using your mobile device. The following services are available with your Ocean State Visa® Debit and Credit Cards using both Apple and Android Devices
- Apple Pay (Apple Wallet)
- Google Pay (GPay)
- Venmo
- CashApp
ATM Access
The OSCU Visa® Debit Card also offers convenient, 24-hour access to your Ocean State Credit Union accounts at thousands of ATMs that are part of the Accel®, Plus® and Credit Union Connection networks (applicable fees may apply).
Setup Visa Purchase Alerts for your Visa Debit Check Card Here
TO REPORT A LOST OR STOLEN DEBIT CARD, PLEASE CALL 1-877-397-1900
*Other fees may apply for ATM withdrawals or balance inquiries.
OSCU Visa® Debit Card Monitoring and Alerts
Real Time Fraud Detection
All Ocean State Visa® Debit Cards are monitored in real time to detect and protect against potential fraud. Members will receive alerts from our Fraud Protection Services through Text Messages, Telephone or by Mail if an unusual transaction is identified.
As a new feature, Text Messaging Alerts will be available to Members with Mobile numbers on file. With this added feature, keeping your card safe is as easy as a text. Your Debit Card security is our top priority. That’s why we’ve added text alerts as part of our ongoing fraud monitoring program.
Text Messaging Alerts
Members that provide a mobile number on file will receive Fraud Text Alerts for Visa® Debit Card transactions automatically. This option gives our members the ability to mark transactions as legitimate or fraudulent in order to keep your Debit Card Secure.
Program 37268 into your mobile contacts as “OSCU Fraud Alert” to ensure you know it’s from this service.
If you receive a text message review the transaction.
- Respond NO and the transaction will be marked as a fraud
- You will receive notification from our fraud department on how to proceed
- Fraud department call 844-436-1738.
- Replacement Cards / Card Services call 877-397-1900 option 5, then option 4
- Respond YES and the transaction will be considered legitimate. Please attempt transaction again.
Though this benefit is something that we hope enriches all of our member’s experience, we do understand if you wish to opt out of Text Messaging Alerts. Once your first fraud alert comes through, simply reply STOP and you will no longer receive Text Message Alerts.
What you can do
Keeping your information up to date ensures we can reach you at the time of service. Please remember, we will never reach out to you looking for card number, passwords or account information.
Card Manager through Online Banking
With the OSCU Card Manager, you’ll have complete control over your cards, enhanced security, and valuable spending insights available at your fingertips.
Features include
Easily access the OSCU Card Manager within your mobile banking app by choosing the “Card Manager” option, or on your Online Banking page by selecting “Manage Cards.” This comprehensive platform provides:
Advanced Card Controls & Alerts
- Track Spending – View transactions in real-time and gain insights into your spending habits.
- Instant Notifications – Get alerts for every purchase, decline, or unusual activity.
- Card Lock & Unlock – Temporarily disable your card if it’s misplaced and re-enable it when found.
- Travel Notices – Set vacation alerts to prevent payment disruptions while traveling.
- Merchant & Spend Controls – Restrict transactions based on location, merchant type, and/or spend amount.
Self-Service Card Management
- Report Lost or Stolen Cards – Instantly report issues and request a replacement.
- View Digital Card Details – Access your full card number and details for secure online purchases.
- Recurring Payment Insights – Identify merchants where your card is stored and track recurring transactions.
- Remote Card Management – Manage your cards on the go with advanced controls in our mobile app.
Smarter Spending Insights
- Understand Your Purchases – Your transactions include recognizable merchant names, logos, and locations.
- Interactive Maps & Contact Info – Quickly identify and contact merchants from within the app based on merchant names, logos and location.
- Spend Analysis – View categorized spending trends to make informed financial decisions.
Digital Wallet Compatibility
You can add your enrolled debit and credit cards to Apple Pay® and Google Pay™ for seamless integration into your mobile phone. To add a card to your digital wallet, just view a digital card on your mobile device and push it to Apple Pay® or Google Pay™.
We reserve the right to change the terms of this account at any time with proper notice.