Will I still receive reminders about returning materials?

Yes. Here is list of the notices you will receive via email or text when materials are overdue:

Notice When
Reminder 3 days before an item is due
Overdue notice 4 days overdue
Overdue reminder 11 days overdue
Overdue reminder 18 days overdue
Overdue reminder 25 days overdue
Billing notice 30 days overdue