Overdraft Protection Plan Options

Standard Overdraft Protection Plan- Overdraft Transfer

Overdraft Transfer from your Savings account is automatically setup for you when you open a Rivermark Checking account. If you do not have enough funds to cover a transaction in your checking account, but you do have the available funds in your savings account, these funds will automatically be transferred to cover the transaction presented to your checking account.

Also, you may elect to setup an Overdraft Transfer from another Savings account or a credit card or line of credit account.

You may contact us to opt out of this service at any time.

Standard Overdraft Protection Plan- Courtesy Pay

Once you setup an Overdraft Transfer, and meet eligibility¹ requirements, you are automatically enrolled in Courtesy Pay, but you may opt out of this service at any time. Courtesy Pay is activated when you do not have enough funds in your checking account to cover an item, and you do not have enough funds in your Overdraft Transfer account to cover the item. There is a $20 per item fee assessed when Courtesy Pay is activated, which is limited to six (6) fees per day. The Courtesy Pay limit is based on your relationship with Rivermark, including the age of your account, frequency and dollar amount of deposits and other related account information. Your Courtesy Pay limit may be adjusted based on changes to your deposit and/or overdraft repayment patterns. Overdrafts must be repaid immediately.

Courtesy Pay Eligibility¹ Requirements:

Establish an Overdraft Transfer Account
Membership/Checking Account has been open for at least thirty (30) days
Regular deposits are made consistent with past practices
Account is in good standing and not subject to any legal or administrative order such as bankruptcy or a tax lien

Ineligible Accounts:

Savings accounts
Start Checking accounts
Money Market accounts
Public Funds/Charitable Organization accounts
Fiduciary Accounts (Ex. Estate or Conservatorship)
Access Checking accounts

Courtesy Pay Eligible Items:

Checks and other transactions using your checking account number
Automatic bill payments
Recurring debit card transactions, such as for a monthly subscription
Automated Clearing House (ACH) withdrawals (such as a gym membership that is automatically paid from your checking account)

Optional Overdraft Protection Plan- Debit Card Courtesy Pay

If you have setup an Overdraft Transfer and have met the eligibility requirements for Courtesy Pay listed above, you may choose to add the optional service of Debit Card Courtesy Pay. Debit Card Courtesy Pay is activated when you do not have enough funds in your checking account, and you do not have enough funds in your Overdraft Transfer account to cover an everyday debit card transaction. There is a $20 per item fee assessed when Debit Card Courtesy Pay is activated, with a limit of six (6) fees per day. The Courtesy Pay limit is based on your relationship with Rivermark including the age of your account, frequency and dollar amount of deposits and other related account information. Your Courtesy Pay limit may be adjusted based on changes to your deposit and/or overdraft repayment patterns. Overdrafts must be repaid immediately.

Debit Card Courtesy Pay Eligibility:

Opt-In for Debit Card Courtesy Pay
Establish an Overdraft Transfer
Account has been open at least thirty (30) days
Regular deposits are made consistent with past practices
Account is in good standing and not subject to any legal or administrative order such as bankruptcy or a tax lien