Oak Valley Community Bank
Eastern Sierra Community Bank

Overdraft Options

When you’re juggling all the aspects of life, it can be easy to accidentally overdraw your account. We’re here to help you understand your overdraft coverage options.

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Dynamic Transfer

A convenient service that allows you to link your checking account to another deposit account.

Ready Reserve

A line of credit* designed to cover overdrafts on your account.

Overdraft Privilege

Payment of reasonable overdrafts up to your assigned ODP Limit.

Dynamic Transfer

Dynamic Transfer is a convenient service that allows you to link your checking account to another deposit account. This option allows us to automatically transfer available funds from the linked account to your checking account, saving you overdraft fees when your account would otherwise have dropped below zero. Relax, with Dynamic Transfer you have it covered!

How it works:

  1. Select a second linked account
  2. Select the transfer amount

Limit: Available balance in second account
Advances: Flexible - customer designated
Fees: $5 per transfer

Ready Reserve

Ready Reserve* is a line of credit designed to cover overdrafts in your account. You can access your Ready Reserve by writing a check, using your debit card, or through Online Banking. It gives you the peace of mind that comes with overdraft protection as well as the financial freedom of a personal line of credit. Monthly payments of $25 or 5% of the unpaid balance (whichever is greater) are conveniently deducted from your checking account for you. However, if you want to pay or advances faster, you can transfer funds through Online Banking or make a payment at any of our conveniently located branches.

Loan Amount $500-$5,000
APR 15% (subject to change)
Annual Fee $15
Transfer Fee $5 per advance

Overdraft Privilege

We know sometimes life happens. You’re covered with Overdraft Privilege.

With Overdraft Privilege, if you maintain your eligible account in good standing, your occasional overdrafts up to a courtesy limit will be considered for payment. This limit includes our customary fees as set forth in the ODP Overdraft Privilege Service Policy. Our fees will be added to any outstanding overdrafts you may have and will be applied against your ODP limit.

** Rather than automatically returning unpaid all insufficient funds items that you may have, we will consider, without obligation on our part, payment of your reasonable overdrafts up to a bank determined Overdraft Privilege (ODP) courtesy limit. You do not have to apply for this service, and you do not need to sign any additional documents for the service. It is already a part of your checking account agreement with us. With some exceptions, most of our checking account types, and individual accounts, are eligible for this service. See Policy below for limitations and restrictions.**

If you do not use the ODP service, it costs you nothing.

If you have questions concerning the ODP Service, please contact a Service Representative at your local branch or call (866) 844-7500.

ATM/Debit Card Overdraft Options

Opting-in to ATM/Debit Card Overdraft Options allows Oak Valley to cover your ATM and everyday (one-time) debit card transactions when your available balance is not enough to cover the transaction(s).

When you opt in, Oak Valley may pay your ATM and everyday (one-time transactions), at our discretion. Overdraft fees apply.

When you opt out, ATM and everyday (one-time) debit card transactions will be declined if your available balance is too low.

ATM/Debit Card Overdraft Options does not apply to checks, ACH and recurring debit card transactions. Oak Valley may pay these at our discretion.

You can choose ATM/Debit Card Overdraft Options for each OVCB checking account you have, and you can opt in or out of ATM/Debit Card Overdraft Options whenever you like.

Please note that ATM/Debit Card Overdraft Options is not offered on business ATM/Debit Cards

For additional details: What You Need to Know About Overdrafts and Overdraft Fees

You can authorize, decline, or revoke Debit Card Overdraft Options for future transaction by doing one of the following:

Overdraft Privilege Service Policy

It is Oak Valley/Eastern Sierra Community Bank’s (“we, us, or our”) policy to comply with applicable laws, rules and regulations, and to conduct business in accordance with strict safety and soundness standards. A non-sufficient funds (overdraft/negative balance) may result from: A) The payment of checks, electronic funds transfers, or other withdrawal requests you initiate; B) Payments authorized by you; C) The return, unpaid, of items deposited by you; D) Charging your account for our applicable service charges and fees; E) The deposit of items to your account which, according to our Funds Availability Policy, are treated as not yet “available” or “finally paid.” We are not obligated to pay any item initiated for payment against your account if your account does not contain sufficient collected funds.

Rather than automatically returning, unpaid, any non-sufficient funds items that you may have, if you maintain your eligible account type in good standing, which includes at least: A) Continuing to make deposits consistent with your past practices, within each thirty (30) day period; B) You are not in default on any loan obligation to us; C) We reserve the right to require you to pay your outstanding overdraft (negative) balance including our fees, immediately or on demand, and; D) Your account is not the subject of any legal or administrative order or levy, such as bankruptcy or a tax lien, we will consider, without obligation on our part, approving your reasonable overdrafts up to a bank determined Overdraft Privilege (ODP) courtesy limit, including our fees.

This is a discretionary service. Our normal fees and charges including, without limitation, our non-sufficient funds/overdraft fees will be charged for each transaction initiated for payment from your checking account that does not have sufficient collected funds. This per item fee is $29 for overdrafts (which we approve and pay) and $10 for Non-Sufficient Funds (NSF) items (which we return unpaid) as set forth in our Schedule of Fees.

Our NSF/ODP fees will be included in and count against your assigned ODP Courtesy Limit. Whether your overdrafts will be paid or not is at our sole discretion and we reserve the right not to pay. For example, we typically do not pay overdrafts if the account is not in good standing, described above.

We may refuse to pay an overdraft for you at any time, even though your account is in good standing and even though we may have previously paid overdrafts for you. You will be notified by mail of any non-sufficient funds items paid or returned that you may have; however, we have no obligation to notify you before we pay or return any item. The amount of any overdrafts including our fees that you owe us shall be due and payable immediately. If there is an overdraft paid by us on an account with more than one (1) owner on the signature card, each owner, and agent if applicable, drawing/presenting the item creating the overdraft, shall be jointly and severally liable for such overdrafts including our fees.

Optional Overdraft Protection Services: We offer additional overdraft protection services that you may apply for. These include our Ready Reserve Line-of-Credit Overdraft Protection and Automatic (Dynamic) Transfer Overdraft Protection (from another account of yours with us). If you apply and are qualified for these optional services, you may save money on the total fees you pay us for overdraft protection services.

Ineligible Accounts and Limitations: Available only for eligible checking accounts that are maintained in good standing as defined herein. Savings Accounts, Money Market Accounts, Health Savings Accounts, Public Fund/Charitable Organization Accounts, Certain Trust Accounts, Account Analysis, and Minor Accounts not of legal age are not eligible for this service. We may, in our sole option and discretion, limit the number of your accounts eligible for the ODP program to one account per household and/or one account per taxpayer identification number.

Transactions That May Cause Or Create Overdrafts Using Your ODP Limit: NSF transactions initiated for payment against your checking account(s) may be paid by us using your assigned ODP limit, including our fees. Our NSF/OD fee may be imposed for paying, or not paying, overdrafts you create by: Checks; In-person (teller) withdrawals and transfers; or other electronic means.

You May Always Opt-Out: You may choose at any time not to participate in the ODP program by notifying one of our Service Representatives who will explain what this (“Opt Out”) means, and the potential consequences, for you.

If You Need Help: Of course, overdrafts should not be used to pay ordinary or routine expenses, and you should not rely on overdrafts as a means to cover these expenses. If at any time you feel you need help with your financial obligations, please contact one of our Service Representatives at (866) 844-7500.

ALWAYS A DISCRETIONARY SERVICE: Our Overdraft Privilege Service does not constitute an actual or implied agreement between you and us. Nor does it constitute an actual or implied obligation of or by us. This service represents a purely discretionary courtesy or privilege that we 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.