Nothing is worse than hearing, "your card has been declined." Prevent such an occurrence with Bounce Protection. An overdraft occurs when you do not have enough money in your account to cover a transaction and it is paid anyway.
Bounce Protection is a courtesy overdraft service, requiring no action on your part that provides access to an automatically assigned overdraft limit covering your transactions that reach beyond the amount in your account. Your Bounce Protection limit may be available for checks and other transactions made using your checking account number or automatic bill payment and recurring debit card payments. Also, at your request for Enhanced Bounce Protection, we may authorize and pay ATM transfers or withdrawals and everyday debit card purchases using your limit.
You can opt in to enhanced bounce protection, allowing RCB Bank to authorize and pay overdrafts on your ATM and everyday debit card transactions, by phone at (918) 342-7220 or at any RCB Bank location. You can also download this form and mail it to RCB Bank, Attention: Customer Support Services, P.O. BOX 189, Claremore, OK 74018 or bring it to your local branch.
What does Bounce Protection cost?
There is no additional cost associated with this privilege unless you use it. You will be charged our standard Bounce Paid Item Fee of $28 for each overdrawn item created by a traditional paper based check, a teller withdrawal, an automatice payment (ACH) transactions or a recurring debit card payment. You will not be charged a Bounce Paid Item Fee if the ending account overdraft balance is $5 or less.
Also, if you have requested us to do so, we may add Enhanced Bounce Protection which would allow us to authorize and cover ATM transfers or withdrawals and everyday debit card purchases. We limit the amount of daily overdraft fees for paid and return items that can incur to $140 per day. To help you manage your account, the total fees you have paid for items (both paid and returned) during the current month for and the year-to-date will be reflected on your monthly checking statement.
How does Bounce Protection work?
As long as you maintain your account in "good standing," we may approve your overdraft items within your current available Bounce Protection limit as a non-contractual courtesy, otherwise we are not obligated to pay an item presented for payment if your account does not contain sufficient funds. For overdraft privilege consideration, your account is in "good standing" if you (1) make sufficient deposits to bring your account to a positive end-of-day balance at least once every 30 calendar days (including the payment of all bank fees and charges); (2) avoid excessive overdrafts suggesting the use of Bounce Protection as a continuing line of credit; and (3) there are no legal orders, levies or liens against your account. Please note that the amount of overdraft plus our Bounce Paid Item Fee of $28 for each item will be deducted from your bounce limit. Each time the item is returned, the Insufficient Return Item fee of $28 will be deducted from your account.
Bounce Protection is not available to Corporations, Limited Liability Companies or Associations.
Learn more abount Bounce Protection and how to opt out of Bounce Protection with RCB Bank.
Learn more about excessive overdrafts.