Bounce Protection
What is Bounce Protection? Bounce Protection is a discretionary service that we provide on your personal deposit account, which is designed to provide you with a qualified measure of protection against the embarrassment of bounced checks and costly returned check fees charged by merchants. Under Bounce Protection, RiverHills Bank may honor overdraft on your personal deposit account up to an overdraft balance based on the account type. Bounce Protection is a non-contractual courtesy, not a line of credit or a contractual commitment on the part of RiverHills Bank, and may be cancelled at any time with no obligation or liability on the part of RiverHills Bank. You do not have to sign anything, and there is no extra charge other than our normal OD/NSF fee which is assessed for every item drawn on your account in excess of your collected balance. The OD/NSF fee is imposed for overdrafts created by writing checks, in-person withdrawals, ATM withdrawals, Debit card, or by other electronic means. The OD/NSF fee will be charged per item and assessed to the account. An OD/NSF fee notice will be sent to notify you of our actions. You must maintain your account in good standing in order for us to consider the payment of any item(s) that overdraws your account up to the limit of the overdraft balance disclosed above. Overdrafts above and beyond the established Bounce Protection limit may result in a check(s), or ACH entry(s) being returned to the payee. To maintain your account in good standing, you must make regular deposits to your account and you must bring your account to a positive balance at least once every 30 days. Your available amount of Bounce Protection will be reduced by the amount of any item(s) that we pay in the overdraft and by the amount of our Standard OD/NSF fee that we charge for each item that would overdraw your account. For more information, please call or come by any of our locations. This discretionary service is only available to individually/joint owned accounts in good standing maintained for personal or household use. Top
Certificate of Deposit
RiverHills Bank can provide a Certificate of Deposit to meet your needs with maturities available from 7 days to 60 months. Certificates of Deposit provide a high-yielding savings vehicle with fixed interest rate and maturity date. Certificates of Deposit interest may be paid by check or deposited monthly, quarterly, semi-annually or annually (any withdrawal of interest will reduce earnings). Interest can be compounded quarterly, semi-annually or annually or at maturity. At your option, Certificates of Deposit may be automatically renewed. There is a substantial interest penalty for early withdrawal. The minimum opening balance is $1000.00.
You cannot make deposits to this account during a term. You cannot withdraw principal from the account without our consent except on or after maturity. (For accounts that automatically renew, there is a 10-day grace period after each renewal date during which withdrawals are permitted without penalty.)
You agree to keep the stated amount of funds on deposit with RiverHills Bank until the stated maturity date. This Certificate may not be redeemed prior to the stated maturity date except as may be allowed in the sole discretion of RiverHills Bank or as may otherwise be provided herein. Presentation of the Certificate is required for redemption. In the event redemption prior to maturity is permitted, a penalty will he assessed.
However, upon the death of any person whose name appears as a payee or in the event such person is judicially determined to he legally incompetent, this Certificate will be redeemed prior to maturity without a reduction or forfeiture of interest as prescribed by the foregoing paragraphs, at the request of the payee’s representatives or other payees. Top
Personal Lending
You can count on RiverHills Bank for a variety of loans with flexible terms and competitive rates. You can also count on the loan decision being made locally and in a timely fashion. Whether you need cash for new or used vehicles, a new home or home improvements, tuition, that special family vacation or another major purchase, RiverHills Bank is here to help.
- Credit Cards
- Personal Loans
- Automobile Loans
- Land Loans
- Interim Construction Loans
- Mortgage Loans
- Home Equity Lines of Credit
- Home Improvement Loans
Please contact one of our convenient banking locations today to set up a meeting with an experienced and responsive loan officer. We look forward to exploring creative, customized solutions for your unique financing needs.
Please Note: All loans are subject to credit approval.
Coverdell Education Savings Account
A Coverdell Education Savings Account is set up to save money for education for a designated beneficiary. It is tax free to the beneficiary if used for education. It is not tax deductible to the depositor. This IRA unlike all other IRA’s is not designed for wage-earners to save for retirement, but as a vehicle for adults to save for children’s educational needs. Must be distributed before the student reaches the age of 30. RiverHills Bank's IRA's are invested into Certificates of Deposits with terms from one year to five years. Consult your tax adviser for Retirement Plans which suits your needs. Top
E-Statements
No waiting for the mail anymore! Why? Because RiverHills Bank now offers E-Statements—the safe, convenient, easy, fast and free way to receive your monthly account statements.
E-Statements is an electronic version of your bank statement emailed directly to your computer each statement period. The electronic statement contains all of the same information as a traditional paper-based statement, including images (if applicable) of your checks and deposit tickets.
Your information is protected with a password that you select. The statement can only be accessed using your personal password.
If you currently receive multiple accounts on the same statement, they will also be combined on your E-Statement.
To sign up for RiverHills Bank’s E-Statements, please call or come by any RiverHills Bank location.
* Please note: If you sign up for E-Statements, you will no longer receive a paper statement by mail. Top
Free Checking
Checking account that requires no minimum balance and no monthly service charge. Detailed statement listing cancelled checks provided monthly. Must be 18 years or older to qualify for Free Checking. Minimum deposit to open this account $100.00. Top
Home Equity Line Of Credit
Our Home Equity Line of Credit (HELOC) is a variable rate revolving line of credit secured by the equity in your home. The annual percentage rate is competitive and the convenience is hard to beat. You can even have your monthly payments automatically drafted from a RiverHills Bank deposit account. RHB's HELOC features a maturity of 15 years. Consult your tax advisor concerning the details of deductibility of Home Equity Line interest expense in your specific case. Applications are available and subject to credit approval. Top
Individual Retirement Account
Traditional individual retirement arrangement (IRA) is a personal savings plan that offers tax advantages to customers who set aside money for retirement — a possible tax deduction and tax deferred earnings. Customers may be able to deduct contributions to their IRAs in whole or in part. Earnings and gains are not taxed until distributed. Top
MasterMoney Debit Card
Convenience! That's what MasterMoney Debit Card is for you. Our MasterMoney Debit Card works like a check at thousands of locations around the world, but without the hassles of showing ID and waiting for approvals. MasterMoney Debit Card purchases are directly deducted from your checking account and will appear on your monthly statement. Applications are available and subject to credit approval. To report lost or stolen Debit/ATM cards please call 1-800-500-1044 (AFTER HOURS ONLY). Top
Money Market Account
An interest-bearing account that accrues daily and pays monthly while allowing the flexibility of easy access to your money. This account offers a tiered interest rate according to collected balance as follows: $1,000.00 - $2,499.99, and $2,500.00 and over. No interest will accrue for the day or days when the collected balance is below $1000. There is no monthly service charge on this account when you maintain a minimum balance of $1,000. A total of six withdrawals may be made each month, of which three may be by check or debit to third parties. A fee will be assessed for each withdrawal (both third-party and non third-party transfers) over six (6) regardless of minimum balance. Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited. If account is closed before statement cycle, the accrued interest will be forfeited. This account earns interest at a competitive rate and is subject to change at any time. Detailed statement with imaged checks provided monthly. Minimum deposit to open this account is $1,000.00. Top
NOW Account
An account designed for customers who wish to have an interest-bearing checking on collected balances of $1,000.00 and over and have unlimited check writing without incurrring a monthly service charge. Interest accrues daily on collected balances of $1,000.00 and over, paid monthly. This account offers a tiered interest rate according to collected balance as follows: $1,000.00 - $2,499.99 and $2,500.00 and over. No interest will accrue for day or days below the minimum balance. If this account is closed before the end of statement cycle, the accrued interest will be forfeited. Detailed statement with imaged checks provided monthly. NOW accounts earn interest at a competitive rate and is subject to change at any time. Minimum deposit to open this account is $1,000.00. Top
Overdraft Protection Ready Access
Overdraft Protection Ready Access is different from Bounce Protection. Overdraft Protection Ready Access is an unsecured, revolving line of credit that will cover items that overdraw your account up to your pre-approved credit limit, Items that are paid using funds from an Overdraft Protection Ready Access line of credit are not subject to our standard NSF fee. You must make separate application if you are interested in one of our Overdraft Protection Ready Access lines of credit, and we will apply our normal credit requirements when considering your application. Applications are available at any of our office locations. The minimum line of credit amount is $500, and use of the line of credit is subject to the separate revolving credit agreement for this product. Top
Regular Checking
An account designed for customers who wish to have the convenience of unlimited check writing. There is no service charge on this account when you maintain a minimum daily balance of $700 or more. Detailed statement with imaged checks provided monthly. Minimum deposit to open this account is $100.00. Top
RiverHills Savings Account
A savings account from which deposits or withdrawals can be made at any time. A competitive rate is paid and is subject to change at any time. Interest is accrued on the daily collected balance and is paid quarterly. Quarterly service charge is waived if minimum balance is $500.00 and over and no fee is charged for withdrawals when minimum balance is maintained. Should the minimum balance drop below $500.00 any time during the statement cycle, a fee will be assessed for each withdrawal, posted during the statement cycle. Interest will accrue and be paid on all collected balances. If the account is closed before the statement cycle, you will receive accrued interest through the closing date. Minimum deposit to open this account is $100.00. Top
Roth IRA
A Roth IRA is nondeductible but the interest earned is tax-free if distributed for one of the qualifying reasons under distributions. The contributions must stay in the IRA for five (5) years before it achieves tax-free status on the earnings. However, if taken before the five (5) years is up for a qualifying reason, the earnings will be taxable. Top
Senior Citizen Account
This account is offered to customers 55 years of age and older. There is no service charge on this account. Detailed statement with imaged checks provided monthly. In order to qualify for this account, you must have your retirement payment directly deposited to this account. The first order of custom checks is FREE. Minimum deposit to open this account is $100.00. Top
Ultimate Account
An interest-bearing checking account that accrues daily and pays monthly on the collected balance with a tiered interest rate. Detailed statement with imaged checks provided monthly. This account earns interest at a competitive rate and is subject to change at any time. There is a fee for each check or other debit transaction if collected balance drops below $10,000.00. No monthly maintenance fee. First order of custom checks FREE. Tiered rate according to collected balance as follows: $1.00 - $2,499.99, $2,500.00 - $9,999.99, $10,000.00 - $99,999.99, and $100,000 and over. If account is closed before statement cycle, the accrued interest will be forfeited. Minimum deposit to open this account is $100.00. Top
Fee Schedule
| Checking Accounts |
|
Service Charge |
Minimum |
Other |
| Free Checking |
None |
$100 to open |
None |
| Regular Checking |
$7 below $700 |
$100 to open |
None |
| Senior Checking |
None |
$100 to open |
None |
| Ultimate Checking |
None |
$100 to open |
$0.25 per check/debit under$10,000 |
| Now Account |
$10 below $1,000 |
$1,000 to open |
None |
| |
| Savings Accounts |
|
Service Charge |
Minimum |
Other |
| Savings Account |
$2 under $500 quarterly |
$100 to open |
$3 per each withdrawal below $500 |
| Money Market |
$10 under $1,000 |
$1,000 to open |
$10 each over (6) 3rd party transfers |
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