Overdraft Protection Loans
Miscalculate how much time you put on the parking meter and see if they cut you some slack. We kind of doubt it. But that's pretty much what we do with overdraft protection.
If you write a check greater than the balance in your account, we'll automatically transfer funds up to your available limit to cover the payment. You can designate your savings account or a separate overdraft protection loan to do this.
- Summary
- Automatic transfer covers the amount of overdraft
- Avoid merchant fees and third-party bank fees
- Automatic transfer fee will apply
- Must apply for loan if not using savings account for overdraft
- Relieve stress of wondering when deposits will post
