Personal Overdraft Line of Credit
A personal Overdraft Line of Credit is a convenient way to ensure protection against checking account overdrafts and to eliminate costly overdraft fees.
Features & Benefits:
- Unsecured open-end revolving credit line
- Fixed Annual Percentage Rate
- Line amounts range from $500 up to $10,000
- All transfers will be made in the greater of $50 increments, if available under the Credit Line Account, or, if sufficient funds are not available, the full amount of credit remaining under the line
- Monthly payments of principal plus interest are deducted automatically from the protected checking account on the tenth day after the statement date
- No annual fee
- No cash advance fee charged to make a transfer
