Checking
Overdraft Protection
Overdraft Protection is a service to help you prevent overdrafts and returned checks on your checking account.
| Interest Rates and Interest Charges | ||||
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Annual Percentage Rate (APR) for Cash Advances |
9.99%, 13.99% or 18% based on your creditworthiness. This rate will vary with the market based on the Prime Rate. |
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Minimum Interest Charge |
None |
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Paying Interest |
You will be charged interest from the transaction date. |
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| Interest Rates and Interest Charges | ||||
|---|---|---|---|---|
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Annual Fee |
$20 |
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Penalty Fees •Late Payment •Returned Payment |
$20 $20 |
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How We Will Calculate Your Balance: We use a method called “average daily balance.” See your account agreement for more details.
Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in your account agreement.
Overdraft Protection is a revolving line that allows you to borrow money up to an approved credit limit, any time you need the funds. Interest is charged only on the amount actually borrowed. As payments are made, the funds become available again. There is no cost to set up overdraft protection.
Here’s what Overdraft Protection provides:
- Credit lines are available up to $10,000.
- The minimum monthly payment is 3% of the outstanding balance or $25, whichever is greater.
- Ability to prepay your loan at any time without penalty.
To add overdraft protection to your checking account, simply indicate the amount of overdraft protection you want in the overdraft protection section of the checking account application.
