HOW DOES MY OVERDRAFT PROTECTION LINE OF CREDIT WORK?

Should checks attempt to clear without sufficient funds available to do so, money will automatically be pulled from the Overdraft Protection line of credit if it is available. Funds will be transferred in $50.00 increments to cover the overdraft amount plus the $5.00 fee. Payments will be made automatically from your checking account on the 25th of the month, beginning on the month following the initial transfer. These payments will be in the amount of $20.00 until the Overdraft Protection line of credit is paid in full.

Posted in: Overdraft Protection by Loan