Overdraft Account Link
Overdraft Protection
Line of Credit
Discretionary
Overdraft Privilege
1
OKTOPAY Service
2
Details
Overdraft Account Link covers certain types of over-
drafts by withdrawing funds automatically (up to
your available balance) from either your Rockland
Trust savings account, Rockland Trust money market
account, or a separate, additional Rockland Trust
checking account held in your name. Overdraft
Account Link covers overdrafts on:
Checks ACH debit transactions
Bill pay items ATM and debit card transactions
Overdraft protection from a line
of credit
covers overdrafts on your
checking account by advancing funds
automatically from a line of credit
to your checking account, up to your
available credit limit.
Standard Overdraft Coverage
Discretionary Overdraft Privilege covers overdrafts on:
Checks Automatic bill payments ACH debit transactions
Discretionary Overdraft Privilege does not cover overdrafts
caused by ATM and debit card transactions.
Consider enrolling
in OK
TOPAY to cover these transactions.
ATM/Debit Card Overdraft Coverage
OKTOPAY extends the coverage you already have with
Discretionary Overdraft Privilege to include:
Rockland Trust Debit Mastercard® purchases
ATM withdrawals
Advantages
Provides the comfort of knowing your checks,
bill pay items, ATM, debit card transactions,
and ACH transactions will be paid, up to the
available balance in your savings account, money
market account, or additional checking account,
if you overdraw your checking account.
Provides peace of mind by knowing
transactions will be paid, up to your
available credit limit, if you overdraw
your checking account.
Offers flexibility for handling
situations when unforeseen expenses
deplete your account balance.
Helps avoid the inconvenience of bouncing checks and incurring
fees that merchants charge for checks returned to them.
Helps ensure that your automatic bill payments will be made on
time, even if your account is overdrawn.
Reduces the chances of having your debit card declined.
Eligibility
Available to customers with a Rockland Trust
savings account (except Passbook Savings), a
Rockland Trust money market account, or an
additional Rockland Trust checking account.
Not available for Renew Checking customers.
Subject to credit approval.
Not available for Renew Checking
customers.
Coverage is automatic for eligible Rockland Trust customers.
Customer may opt out at any time.
2,3
Account must be in good standing.
Not available for Renew Checking customers.
Available to customers with personal accounts who qualify
for Discretionary Overdraft Privilege.
Opt in by completing the OKTOPAY disclosure.
3
Not available for Renew Checking customers.
Fees
There are no fees associated with this service. $35.00 annual fee.
18.00% annual percentage rate.
$35.00 for each overdraft transaction paid.
4
– We will not assess an Overdraft Charge if a transaction we pay
causes your account balance to be overdrawn by $20.00 or less.
– We will not assess an Overdraft Charge for any transactions
or purchases of $5.00 or less.
– A maximum of three Overdraft Charges may be charged to an
account per business day.
$35.00 Negative Balance Fee charged on the fifth consecutive
day your deposit account is negative.
$35.00 for each overdraft transaction paid.
4
– We will not assess an Overdraft Charge if a transaction we pay
causes your account balance to be overdrawn by $20.00 or less.
– We will not assess an Overdraft Charge for any transactions
or purchases of $5.00 or less.
– A maximum of three Overdraft Charges may be charged to an
account per business day.
$35.00 Negative Balance Fee charged on the fifth consecutive
day your deposit account is negative.
How to get
each option
Call 508.732.7072.
Visit any Rockland Trust branch.
Call 508.732.7072.
Visit any Rockland Trust branch.
Discretionary Overdraft Privilege is enabled
automatically and applied at the Bank’s discretion.
Call 508.732.7072.
Visit any Rockland Trust branch.
1
Discretionary Overdraft Privilege coverage is provided at the Bank’s sole discretion and can be suspended
at any time without notice due to improper management of your account. Reasons for revocation include,
but are not limited to: returned deposited items, excessive overdrafts, repeated continued overdraft
periods, suspected fraud, or any other activity we deem to be inconsistent with our overdraft practices.
All fees are included as part of your daily limit. A maximum of three Overdraft Charges may be charged
to an account per business day.
2
Bank pays overdrafts at its discretion and reserves the right not to pay. Any negative account balance
caused by overdraft(s) and related fee(s) must be paid and the account balance brought to zero or
positive immediately. All fees are included as part of your daily limit. The Bank will not pay overdrafts
if you are over your limit. A maximum of three Overdraft Charges may be charged to an account per
business day.
3
By choosing to opt out of Discretionary Overdraft Privilege, you are instructing us to (where possible)
decline or return any transaction that would overdraw your account. If you have previously opted in
to
OKTOPAY, and at a later date have chosen to opt out of OKTOPAY (but not Discretionary Overdraft
Privilege), you are instructing us to (where possible) decline or return any ATM or Debit Mastercard
transaction that would overdraw your account. In either event, your account will still be subject to
the standard overdraft fees (other than for ATM and Debit Mastercard transactions). All fees and
charges are due and payable immediately.
4
This charge is reduced to $5.00 for deposit accounts that you have elected for coverage under the
Massachusetts “18/65 Law”.
Overdraft Services
For Personal Checking Accounts
Rev. 05/2024
Member FDIC
