Protection for Your Checking Account

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Have you ever forgotten to write down when you’ve used your Check Card or forgotten to tell your spouse that you wrote a check? Every day people pay a high price for such simple, honest mistakes on their account. Fortunately, there is a safety net for just this situation!

An Overdraft Line of Credit is a special type of loan designed specifically to prevent your account from becoming overdrawn. If a check comes in for which there is not enough money to pay, the Overdraft Line of Credit will automatically make a short term loan to you for the amount you need. The maximum amount can be anywhere from $300 to $1,000 depending on how much you qualify for. Advances are always made in $100 increments.

The ideal use of this service is for you to pay it off as soon as possible after it is used. This way the interest charges to you are next to nothing! For instance a $100 balance paid off in 30 days would cost $1.23 in interest. Without the Overdraft Line of Credit you may have to pay nonsufficient funds fees at the credit union as well as fees to the payee on the check. If you never use the Overdraft Line of Credit it doesn't cost you anything at all!

Of course, the first line of defense for an overdraft is a transfer from your savings account. But if there is not enough in savings, or if you just prefer to leave savings alone, the Overdraft Line of Credit is just the right service you need. It is an invaluable 'safety net' for your Share Draft Checking account as you walk the tightrope of life!

Contact a loan officer to have the Overdraft Line of Credit added to your account today!