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Home > Savings and Checking > Checking > Overdraft Protection (line of credit) | ||||||
Overdraft Protection (line of credit)*With Overdraft Protection (line of credit), your checking account is covered. It protects you from overdrafts and from having transactions denied for insufficient funds. How It WorksOverdraft Protection is automatically activated when you exceed your checking account balance. To cover the transaction, funds equaling the overdrawn amount are transferred from your line of credit to your checking. It's a safety net that provides convenience and peace of mind. The BenefitsMoney saving – No per item overdraft fees! Plus, you'll receive a low interest rate with monthly payments as low as 2% of the principal loan balance or $20, whichever is higher. Convenient – Provides automatic protection, flexible repayment rates and terms. *Overdraft Protection (line of credit) is a credit product and subject to credit approval.
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