ATM/Debit Card Opt-In Form

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. We can cover your overdrafts in two different ways:

  1. We have standard overdraft practices that come with your account.
  2. We also offer overdraft protection plans; Courtesy Sweep; which is linked to another account and will sweep to credit the account that needs funds. This sweep transfer happens before the discretionary overdraft service and would be significantly less expensive than our standard overdraft practices. To learn more, ask about this plan and how to set it up.

This notice explains our standard overdraft practices.

What are the standard overdraft practices that come with my account?

We do authorize and pay overdrafts for the following types of transactions:

  1. Checks and other transactions made using your checking account number
  2. Automatic bill payments

We do not authorize and pay overdrafts for the following types of transactions unless you ask us to (see below):

  1. ATM transactions
  2. Everyday debit card transactions

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.

What fees will I be charged if Rio Bank pays my overdraft?

Under our standard overdraft practices:

  1. We will charge you Non-sufficient funds (NSF) fee of $35.99 each time we pay an overdraft (this is the same fee we charge if your overdraft is returned). We also have a overdraft charge of $3.97 per business day on balances <$10.00> & over.
  2. The maximum number of Non-sufficient funds (NSF) fees that may be assessed in one business day is six (6) per account for consumers.
  3. You acknowledge that a returned item may be submitted to the Bank for payment multiple times. We do not monitor or control the number of times a returned item is presented for payment.

What if I want Rio Bank to authorize and pay overdrafts on my ATM and everyday debit card transactions?

If you want us to authorize and pay overdrafts on ATM and everyday debit card transactions, call our Courtesy Overdraft Department at (956)878-1484 and tell us, or simply make selection and submit.


Required Field

Add Another Checking Account Number

You agree that we may charge you a returned item fee each time the returned item is presented for payment and the money is not available in your account

By submitting this form I acknowledge my choice in the Courtesy pay plus overdraft service.

Please remember that you always have a choice, and you can change your mind at any time about having Courtesy pay plus overdraft on your account and whether or not you want ATM and everyday debit card transactions covered by Courtesy Overdraft Pay Plus.