An overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay it anyway. Unexpected overdrafts can happen to anyone, and can be caused by a variety of circumstances, such as:
Overdraft Privilege is our standard overdraft service that comes with certain accounts. With this service, Rockland Trust may authorize and pay checks written, automatic bill payments, and other electronic transactions that exceed your current account balance (as long as your account is in good standing). If you inadvertently overdraw your account, we may cover your overdrafts and any associated fee(s), thus saving you the inconvenience of any bounced checks and fees normally charged to you by merchants for checks returned to them. All fees and charges are due and payable upon demand. Standard overdraft charges apply.1 The standard Overdraft Privilege program does not cover overdrafts caused by ATM and debit card transactions.
Overdraft Privilege Plus is an option that extends the same coverage as our standard Overdraft Privilege, but also covers ATM and debit card transactions. All fees and charges are due and payable upon demand. We will not authorize or pay overdrafts for these types of transactions unless you enroll for ATM and debit card Overdraft Privilege Plus. Standard overdraft charges apply.1
By signing up for Overdraft Privilege Plus, you can avoid unexpected situations when using your ATM or debit cards. There is no fee to sign up for Overdraft Privilege Plus, but our standard per item overdraft fees will apply if you overdraw your account.