diff --git a/contracts/contracts/token/OUSD.sol b/contracts/contracts/token/OUSD.sol
index 21880e350e..8bd07380bf 100644
--- a/contracts/contracts/token/OUSD.sol
+++ b/contracts/contracts/token/OUSD.sol
@@ -432,8 +432,13 @@ contract OUSD is Governable {
         returns (uint256 rebasingCredits, uint256 actualBalance)
     {
         uint256 rebasingCreditsPerTokenMem = rebasingCreditsPerToken_;
-        // Round down in favour of the protocol
-        rebasingCredits = ((_balance) * rebasingCreditsPerTokenMem) / 1e18;
+        // Rounds up, because we need to ensure that accounts always have
+        // at least the balance that they should have.
+        // Note this should always be used on an absolute account value,
+        // not on a possibly negative diff, because then the rounding would be wrong.
+        rebasingCredits =
+            ((_balance) * rebasingCreditsPerTokenMem + 1e18 - 1) /
+            1e18;
         actualBalance = (rebasingCredits * 1e18) / rebasingCreditsPerTokenMem;
     }