Overdraft Protection

Avoid the embarrassment of a returned check by choosing Overdraft protection on your Rivermark Checking Account. You may transfer funds to cover overdrafts from:

• Your Personal Line of Credit or a Rivermark VISA Credit Card. There are no transaction fees, you only pay interest on the amount transferred to cover the overdraft. (Credit qualifications apply.)
• Your savings or money market account. There is a $5.00 fee for each transfer from a share account.

Courtesy Pay

What is Courtesy Pay?

• Have you ever made a mistake in your checkbook?
• Have you ever forgotten to record a purchase or a withdrawal causing items to be returned on your account for “insufficient funds”?
• Have you ever had a transaction denied or turned down at checkout?

We know this can be embarrassing and very expensive for you; considering the high merchant “returned check” charges. Rivermark Community Credit Union provides a Courtesy Pay Service that may be helpful in these situations. Courtesy Pay may allow you to overdraw your account up to $600 (including fees) for eligible Free Checking*, Senior Free Checking, E-Checking, and Business Checking accounts and up to $800 (including fees) for eligible Interest Plus, Senior Plus, Investor Checking, Rewards Checking and other eligible checking accounts.

You don’t have to do anything special or sign any additional documents to qualify for this discretionary overdraft service, and if you never need or use the Courtesy Pay service, it costs you nothing. But, if you do have occasional or inadvertent overdrafts on your account, we will consider, purely as a courtesy to you, payment of your reasonable overdraft items up to your assigned Courtesy Pay limit. We will charge our normal $25.00 insufficient funds fee for each insufficient funds transaction you may have; and we will charge this fee whether we pay the item for you or return it unpaid.

So generally, it is much better service to you if we pay these items for you, rather than return them unpaid. This may save you the embarrassment and expense of denied purchases and dishonored checks. Courtesy Pay is not a guaranteed “line of credit”. It is a purely discretionary service we may provide to you from time to time.

Please refer to our Courtesy Pay Policy or contact us for additional information.

* Courtesy Pay is not available on GO! Money or other checking accounts held by minors.

PLEASE NOTE: An overdraft or “NSF” fee of $25.00 may be charged for each transaction that overdraws your account. The categories or types of transactions that may overdraw your account include Checks; In person (teller) withdrawal; ATM withdrawal; Debit card purchases; or other electronic means. Whether your overdrafts will be paid or not is at our sole discretion and we reserve the right not to pay. For example, we typically do not pay overdrafts if your account is not in good standing or if you have too many overdrafts. We reserve the right to require you to repay your overdrafts immediately or on demand.

The Courtesy Pay Policy is in Adobe Acrobat Reader Format. If you do not currently have Adobe Acrobat Reader, you can download a free copy.