The best overdraft protection is to carefully monitor your account balances and limit your spending when the balances are getting low. But, we understand that things happen and circumstances come up unexpectedly; so we offer you several options to protect yourself against overdrafts.
By tying a savings account to your checking account, you can establish an automatic transfer of funds if an overdraft occurs. Transfers are made in increments of $100, and there is a $10 transfer fee.
Reserve Line of Credit
Similar to the savings account, the reserve line is a flexible credit reserve available to you whenever you need it. Transfers are made in increments of $100, and there is $10 transfer fee.
This option does require credit approval. And, similar to a credit card, this money must be paid back into your reserve line to avoid interest charges. Balances carried will accrue interest charges.
Home Equity Line of Credit
A line of credit tied to the equity in your home. Automatic transfers are in increments of $100 and incur a $10 transfer fee.
Interest is tied to prime and requires credit approval. Similar to a credit card, this money must be paid back into your equity line to avoid interest charges. Balances carried will accrue interest charges.
A discretionary program we provide automatically to our customers where we strive to pay your checks and automatic payments when you do not have enough funds in your accounts to cover the transaction(s). Our standard overdraft fee per item is $35 (up to 5 items per day). If a transaction creates an overdraft of $10 or less, we will not charge an overdraft fee.
To extend this feature to your debit card purchases and ATM transactions, we need your permission. If we cover an item for you that is over $10, you will be charged a $20 fee for each transaction that overdraws your available account balance.
Contact our Customer Care Center at 888.993.7664 if you wish to opt-in to coverage for your debit card and ATM transactions or click here.