Courtesy Pay Policy (A Discretionary Overdraft Service). It is the policy of Rivermark Community Credit Union to comply with applicable laws and regulations, to conduct business in accordance with strict safety and soundness standards, and to provide excellent member service. We offer Courtesy Pay as a discretionary service that strives to pay your reasonable overdrafts when your account is in good standing. Each Rivermark checking account has a Courtesy Pay overdraft limit based on your relationship with Rivermark including the age of your account, frequency and amount of deposits and other related account information. Your limit may change periodically based on your account activity with us. Overdrafts are paid at our discretion, meaning there is no guarantee that we will always authorize and pay any type of transaction. Our Courtesy Pay service does not constitute an actual or implied agreement between you and the Credit Union, nor does it constitute an actual or implied obligation of or by the Credit Union. Our Courtesy Pay service represents a courtesy that the Credit Union may provide to you from time to time and which may be withdrawn or withheld by us at any time without prior notice, reason or cause. At our discretion, we may pay your non-sufficient funds (NSF) or uncollected funds transactions initiated for payment against your checking account by using your established Courtesy Pay limit, which may change from time to time. Any and all financial institution fees and charges, including, without limitation, the NSF/overdraft fees (as set forth in our Deposit Rate Sheet and Fee Schedule) will be included as part of this limit. The categories of transactions which may cause an overdraft include, but are not limited to, checks, ATM transactions, debit card transactions, preauthorized automatic debits, telephone or other electronically initiated transfers, or unpaid returned items deposited by you. Additionally, overdrafts may be caused by funds held for pending debit card transactions you have authorized, pending ACH or direct deposits that are not yet available for withdrawal, or if you have deposited checks that are held pursuant to our funds availability policy. Transactions may not be presented in the order in which they occurred, and the order in which transactions are received and processed by the Credit Union can affect the total amount of overdraft fees you incur.
