Five Tips To Avoid Overdrafts

1. Sign up for Overdraft Protection.

Call us today to be sure your accounts are set up in the way that works best for you.

2. Check your balance often.

Our phone number is located on the back of your debit card. Before you make a purchase, check your balance 24/7 by calling Telephone Teller or logging in to Online Banking.

3. Track your spending.

Use a check register to write down every transaction on your account. Remember, outstanding transactions won't be included when you call to check your balance. Only a well-kept check register can reflect your true balance at any given time.

4. Sign up for Email Alerts in Online Banking.

You'll automatically receive an email notice when your balance goes below an amount you specify.

5. Sign up for payroll deduction or automatic transfer to fund your savings account.

Even $10 a pay day can help you avoid an overdraft.

Overdraft Protection

Mistakes happen. That’s why we recommend that all members take advantage of overdraft protection. You can select the Rivermark Savings or Visa you would like us to access in the event of an overdraft. Here’s an example:

1. Transfer from Savings

First, we check your Savings (or other deposit accounts) to see if funds are available to transfer.  If so, the transfer is made for $5.

2. Advance from Visa

Next, we check your Visa. If funds are available, we advance the money to your Checking with no fee (interest will accrue until the advance, plus interest is paid).

3. Courtesy Pay

Finally, your Checking Account comes with Courtesy Pay. If funds are not available to transfer, a $30 fee applies for each overdraft transaction. We may pay items up to your overdraft limit ($600 - $800 depending on your account type and qualifications). You can also choose to opt in to Courtesy Pay for your debit card transactions.

Sign up today!

Call us at 503.626.6600, 800.452.8502.