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.
Ocean State CU Card Manager App
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 download the app to your smartphone, 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 844-544-3265.
- 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.
Ocean State CU Card Manager
Protect your Ocean State Credit Union Visa® Debit Cards by sending transaction alerts and giving you the ability to define when, where and how your cards are used. Simply download the app to your smartphone, then customize your alert preferences and usage settings to monitor and manage your cards.
Features include
- Lock and Unlock Cards
- Get alerts for Transactions
- Set usage preferences
- Control transactions by category (gas, restaurant, online or mobile)
- Block international usage
- Set Travel Notifications to your card
Ocean State Card Manger FAQ
A. The Ocean State CU Card Manager app is an app that you can download onto your mobile devices, to turn your Ocean State Credit Union cards on or off, and control transactions on, and alerts for, your Ocean State Credit Union Visa® Debit Cards cards.
A. Being able to control transactions on, and get alerts for, your Ocean State Credit Union cards can help you protect yourself against fraud, and help you manage your family finances better. In addition the app allows Members to set their own Travel Plans.
A. You can turn your cards on and off, in an instant, for any reason. You can block international charges, and set controls and alerts for card transactions based on location, type, and amount. You may also set your own Travel Plans and restrictions at the touch of a button.
A. The Ocean State CU Card Manager app can be found in your favorite app store, for download at any time. Be sure to complete the process to link any cards that you wish to set controls and alerts for.
A. No. Downloading the Ocean State CU Card Manager app from your favorite app store is free. Be sure to complete the process to link any OSCU Visa® Debit Cards that you wish to set controls and alerts for. Your card will not be charged for using the Ocean State CU Card Manager app. If you sign up for alerts, standard texting fees may apply. Please check your contract with your mobile service provider.
A. Yes. The Ocean State CU Card Manager app is a legitimate app, offered by Ocean State Credit Union, in the app stores. The questions you answer to link your Ocean State Credit Union cards is for card validation/verification purposes only, and the information will not be shared with anybody else.
A. In order to control your cards with the Ocean State CU Card Manager, you need to tell us which cards that you wish to control. Be sure to complete the process to link any Ocean State Credit Union Visa® Debit Cards that you wish to set controls and alerts for. We recommend setting up at least one control and one alert to ensure desired functionality.
A. You can link all of your eligible Ocean State Credit Union Visa® Debit primary cards, and even all the cards of your authorized users to the Ocean State CU Card Manager app, to turn each card on or off, set controls, and get alerts for each card independently of one another.
A. Absolutely! We continue to make enhancements to improve functionality and your overall user experience. If you have “auto updates” turned on, any version of the Ocean State CU Card Manager app on your mobile device will automatically update with any newer version when it is released. If not, feel free to manually download any newer version of the Ocean State CU Card Manager app at any time.
A. If you ever get an alert for a transaction that you did not make or authorize, contact Ocean State Credit Union right away.
A. Contact Ocean State Credit Union with any questions you may have at (401) 397-1900
We reserve the right to change the terms of this account at any time with proper notice.