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Saturday, July 25th: Rivermark is closing early at 12pm for an all-employee celebration.

Overdraft Options

Overdraft Program

We’ve got you covered. If you’re short on funds when a transaction hits your account, Rivermark’s overdraft program provides three services that work together to help you avoid the hassle and cost of returned or declined payments.

Teal icon with a dollar and arrows around it.

Overdraft Transfer

Covers overdrafts by automatically transferring funds from your savings account or credit  card (interest accrues daily on credit card advances). Available for all checking products.

  • Always checked first in the event of an overdraft and required for Courtesy Pay

  • Add or change transfer source accounts anytime

  • No fee and unlimited transfers
Teal icon with dollar bills and a check mark in front of them.

Courtesy Pay*

Pays overdrafts for checks, ACH, or recurring debit transactions (such as subscriptions set up using your debit card). Not available with  Access Checking.

  • Automatically enabled 30 days after account opening when you establish Overdraft

  • Transfer and have regular deposit activity

  • There is a $20 fee for each paid overdraft. Max six (6) fees per day. No fee for transactions that overdraw the account by less than $6

  • You may opt out of Courtesy Pay at any time

Teal icon of credit cards.

Debit Card Courtesy Pay*

If you have Courtesy Pay, you can sign up to add ATM withdrawals and one-time debits  (such as grocery store purchases) to your coverage. Not available with Access Checking.

  • Helps avoid debit card declines due to non-sufficient funds

  • Same $20 fee and limits as Courtesy Pay

  • You may opt out of Debit Card Courtesy Pay at any time

*A fee may be charged for paid overdrafts created by check, debit card withdrawals, ATM, or other electronic means. We reserve the right not to pay NSF items, even if we’ve paid them before, e.g., we typically do not pay overdrafts on accounts not in good standing, without regular deposits, or with too many overdrafts. We reserve the right to require immediate repayment of an overdraft. NSF or overdraft fees are limited to a maximum of six (6) fees per day per account. No overdraft fee is charged for transactions that overdraw the account by less than $6. To be eligible for Courtesy Pay or Debit/ATM Courtesy Pay, accounts must be in good standing and open for 30 days. Courtesy Pay is not available for minors under age 18 or for Access Checking, Start Checking, or HSA Checking.

What You Need to Know About Overdrafts and Overdraft Fees

An overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay it anyway. Your available balance may be lower than your actual balance due to funds held for debit card transactions you have authorized, pending ACH or direct deposits not yet available for withdrawal, and deposited checks held according to our funds availability policy.

We can cover your overdrafts in two different ways:

  • We have standard overdraft practices (our Courtesy Pay program) that come with eligible accounts once you establish an overdraft protection plan (Overdraft Transfer).

  • We also offer overdraft protection plans (Overdraft Transfer) that transfer funds from a savings, credit card, or line of credit account, which may be less expensive than our standard overdraft practices. To learn more, ask us about these plans.

This notice explains our standard overdraft practices (Courtesy Pay) and the optional Debit Card Courtesy Pay service.

Frequently Asked Questions

  • We do authorize and pay overdrafts* for the following types of transactions (Courtesy Pay):

      • Checks and other transactions made using your checking account number
      • Automatic bill payments / Automated Clearing House (ACH) withdrawals and other electronically initiated transactions
      • Recurring debit card transactions – recurring payments you initiate using your debit card number such as online subscriptions

    We do not authorize and pay overdrafts* for the following types of transactions unless you ask us to (Debit Card Courtesy Pay):

      • Everyday debit card purchases in which you do not enter your PIN (which are commonly used for restaurants, gas stations, travel, and parking payment stations)
      • Everyday debit card transactions in which you enter your PIN at checkout
      • ATM withdrawals or transfers

    *We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction. If we do not authorize and pay an overdraft, your transaction will be declined/returned unpaid (as applicable).

    • We will charge you a fee of $20 each time we pay a transaction that overdraws your account by $6 or more.
    • We limit the total overdraft fees we can charge you for overdrawing your account to no more than six (6) fees per day.

    • We will charge you a fee of $5 each time a transaction is rejected for payment due to unavailable funds.
    • We will not charge you for declined point-of-sale/everyday debit card purchases.

  • If you want Rivermark to authorize and pay overdrafts for ATM and everyday debit card transactions, or to revoke your prior decision, visit a branch, call 503-626-6600 or 800-452-8502, or write to us at 14405 Meyers Rd, Oregon City, OR 97045. Requests submitted by phone or video methods will be processed within 2 business days of the form being initialed by you and received by the Credit Union.

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