Government Shutdown Financial Assistance

Terms & Conditions

Short-Term Loan Program

Borrower Eligibility:
1. Customers of ROGER Bank with an existing direct deposit from the federal government that is currently without federal funding received within the most recent 30 days of the federal payment disruption date.
2. Not overdrawn for more than 5 days in the previous 12 months.
3. No current or prior charge-offs with ROGER Bank.
4. Only 1 loan per person/household.
5. Not a current employee or director of ROGER Bank.

Loan Repayment: The loan has an annual percentage rate of 0% and must be repaid within three months of funding. The payments will be split into two equal installments, with the first payment due in 60 days of funding and the second due in 90 days of funding.

Credit Approval: None

Loan Amount: Up to the amount of the most recent direct deposit from the federal government not to exceed $5,000.00.

Documentation Required:
1. Loan application
2. Lender approval worksheet
3. Signed loan documents

Overdraft Program

In response to the government shutdown, ROGER Bank has created the RELIEF Overdraft Program. Enrollment in this program will be available at the discretion of ROGER Bank. This program is not a loan, but rather a temporary increase of the overdraft limit for qualifying accounts. See the RELIEF Overdraft Program Agreement for eligibility requirements and additional details. Customers eligible for this program are still subject to their original Account Agreement received at account opening, as well as the RELIEF Overdraft Program Agreement and this RELIEF Overdraft Program Disclosure.

What you need to know about this program:

• Temporary overdraft service to assist qualifying customers during the government shutdown.
• This program is separate from our standard overdraft practices that comes with your account.
• Account overdraft limit will temporarily increase to $1000.00.
• Fees are waived until 90 days after government shutdown.
• Enrolled eligible customers are required to bring their account positive within seven (7) days of receiving their federal paycheck.
• If the account is not brought positive within seven (7) days, the account may be subject to standard account default procedures including charge off of the account.

Choosing to enroll in the RELIEF Overdraft Program does not mean we will pay all overdrafts. ROGER Bank pays overdraft items at our discretion, which means we DO NOT guarantee that we will always authorize and pay any type of transaction. If we do not authorize to pay an overdraft, your transaction will be declined or returned unpaid.

The RELIEF Overdraft Program ends when the enrolled account is brought to positive OR seven (7) days after receiving the federal paycheck money, whichever comes first. This means your overdraft protection will go back to its previous settings (i.e. standard overdraft limit, opt-in/out status, etc.) however, overdraft and NSF fees will continue to be waived until 90 days after government shutdown. Overdraft and NSF fees will resume 91 days after government shutdown.

To better help you understand this program, we have created the following examples:

Sally is a ROGER Bank customer. Her Forward Checking account is eligible for the RELIEF Overdraft Program and is enrolled on November 10, 2024. Sally fully utilizes her temporarily increased overdraft limit and her current account balance is -$900.00. Through daily account monitoring, CBE notices she receives her federal paycheck deposit in the amount of $1,200.00 on December 22, 2024, bringing her current balance to $300.00. At this time, the Bank will change all overdraft settings back to their original status, including the limit. Sally still has the benefit of waived OD/NSF fees until January 1, 2025.

Suzie is a ROGER Bank customer. Her Forward Checking account is eligible for the RELIEF Overdraft Program and is enrolled on November 10, 2024. Suzie fully utilizes her temporarily increased overdraft limit and her current account balance is -$900.00. Through daily account monitoring, the Bank notices she receives her federal paycheck deposit in the amount of $500.00 on December 22, 2024, bringing her current balance to -$400.00. At this time, the Bank will change all overdraft settings back to their original status, excluding the fee waiver. Suzie still has the benefit of waived OD/NSF fees until January 1, 2025. On January 2, 2025, Suzie’s OD/NSF fees will no longer be waived, and she may incur these fees on her account if it is still overdrawn. Additionally, Suzie’s account is now at risk of standard account default if she continues to have an overdrawn account.

For more information or to ask any questions you may have, please email us at help@roger.bank.