Stay covered with opt-in Overdraft Protection options

Overdraft Protection helps Members with a convenient solution for immediate, short-term needs. Usually, Overdraft Protection will be a much less expensive alternative to check cashing and payday loan businesses.

You're at the pharmacy, your medication is $115, but you only have $100 in your checking account. What do you do? With overdraft protection, you pay as usual, and we will allow your transaction to go through and draw your account negative; however, without overdraft protection, it could be an embarrassing situation when your card is declined. Overdraft transactions are those transactions that you make (and we pay) that cause your account balance to become negative/overdrawn or that cause your account to be further overdrawn if it's already negative. For your convenience, we offer different levels of overdraft protection at R-G.

Overdraft Transfer:

With Overdraft Transfer, you can link your other R-G accounts and lines of credit to your checking account. This service will transfer available funds from another share to hopefully cover an overdraft. This service can be set up upon request. A $2 fee is assessed for each Overdraft Share Transfer, and a $5 fee is charged for each Overdraft Loan Transfer. This Service is usually less expensive than other Overdraft options because we're using your other funds to cover the overdraft. Your account must be in good standing¹ at the time of the transfer for the transfer to take place. To enroll in Overdraft Transfer, just send a secure email via online banking, stop by your local branch, or give us a call at 816.783.5900.

Courtesy Pay:

What happens if you don't have funds in another account to cover your overdraft? This is where Courtesy Pay comes into play. R-G offers Courtesy Pay for the times you may not have available funds to use. Courtesy Pay is currently only available as an option with our Premier Checking Account. Courtesy Pay is only available for members in good standing¹ with accounts established for at least 90 days who have a regular direct payroll deposit of $500 or more. When you opt in for Courtesy Pay, we may authorize and pay checks, ACH payments, automatic bill payments, ATM transactions, everyday debit card transactions, and in-person transactions that overdraw your account (or are received on an already overdrawn account).

R-G will pay overdrafts at our discretion, which means that we do not guarantee that we will always authorize and pay any type of transaction. A $25 fee applies for each of these covered transactions that creates an overdraft (or is paid on an already overdrawn account) if the overdraft is more than $10. The amount of the overdraft plus the fee for each item will be deducted from the available $400 overdraft limit at the time of posting. Overdraft fees will be capped at six each day (or a max fee of $150 per day). Since overdrafts are paid at our discretion, just because an item is paid once does not mean it will be paid again at a later time.

If you have selected both Overdraft Transfer and Courtesy Pay, the Overdraft Transfer option will be utilized before Courtesy Pay.

No Coverage:

Members are not automatically enrolled in Overdraft Protection, but if you have opted in, you can elect to remove Overdraft Protection from your account at any time. If you opt out, this means we usually will not authorize or pay any transactions that would overdraw your account (or that would further overdraw an already negative account). These transactions may be returned to the payee and will result in a $25 Returned Item Fee. If any transaction (check, debit card authorization, ACH, etc.) is declined and or returned unpaid, you may also be charged by the merchant for a transaction that is returned as insufficient. If you use your VISA® debit card and the amount of the purchase exceeds your available balance, the transaction could be declined.

Overdraft Protection is a privilege and can be removed at any time at the discretion of R-G. For example, if your payroll direct deposit stops, we will suspend Courtesy Pay. Likewise, you may opt in or out of Overdraft Protection at any time by securely emailing us via online banking, calling 816-783-5900 or visiting your local branch location as long as all qualifications above are met.

Selection of the No Coverage option does not guarantee that your account will not go into a negative balance status. As transactions can be authorized by merchants for amounts less than the final posting amount (often seen at gas pumps and restaurants), there may be situations where you use your debit card and your account becomes negative by the time the transaction posts. In these cases, and when you have selected No Coverage, R-G does not assess a fee.

Please note: The fees listed here are subject to change at any time. You will receive advance notice of fee changes when required. For the most up-to-date information on fees, please refer to our Fee Schedule.

Additional Information:

The total overdraft (negative) balance, including all fees or charges, is due upon demand. Please make sure that your account is restored to a positive balance within thirty days and for at least 24 hours to maintain good standing. If your account is not repaid within 45 days, R-G will pursue collection action.
We would be glad to review coverages with you at any time, either by secure message via online banking, over the phone, or at your local branch. Every member's situation is unique, and we are here to help in any way we can. You may change your selection at any time by sending a secure message via online banking, visiting your local branch, or by calling us at 816-783-5900 as long as all qualifications above are met.  

¹A member in good standing is a member who:

1. Maintains at least their minimum share, as defined within the Credit Union’s bylaws;
2. Has not had any account with the Credit Union closed due to abuse or negligent behavior;
3. Has not caused a financial loss to the Credit Union;
4. Has not engaged in violent, belligerent, disruptive, or abusive activities such as/not limited to: Violence, intimidation, threats, harassment, or physical or verbal abuse of duly elected or appointed officials or employees of the Credit Union, members, or agents of the Credit Union. This includes actions while on Credit Union premises and through use of telephone, mail, email or other electronic method;
5. Causes or threatens damage to Credit Union property;
6. Unauthorized use or access of Credit Union property;  
7. Knowingly disseminating incorrect, misleading, confidential, or proprietary information regarding the Credit Union; or
8. Any actions that may cause material risk or financial harm to the Credit Union.