Overdraft Line of Credit
Your Money...Your Way...Your Advantage!
Protect your Checking Account with a Line of Credit*
Almost everyone who has a checking account has experienced the dreaded mistake of a bounced check. This is unnecessary grief that can be avoided with automatic overdraft protection now available through an AFCU Line of Credit.
Give yourself peace of mind with convenient protection:
- Cover checking account mistakes;
- Avoid the embarrassment and inconvenience of bounced checks
Here's how the Line of Credit works
You simply apply for a Line of Credit in a specified amount - say, for instance, $1,000. Assume that you mistakenly write a check or complete a Check Card transaction for more money than you have on deposit in your checking account. That's where the Line of Credit comes in. We will automatically take from your Line of Credit only the exact amount needed to complete the transaction. Also, using your Line of Credit is less costly than paying NSF (nonsufficient funds) fees. You would only pay a few dollars' interest rather than a $29.00 NSF fee. If your account is protected with a Line of Credit, your transaction is covered, you're spared embarrassment and hassle, and you save the expense of a "bounced check."
Great Low Rate
As with other credit union products, the Line of Credit is available to members at a great low annual percentage rate. (Compare to other financial institutions charging 18% APR!)
To apply, call Advantage at 585.454.5900, ext. 5.
Click here for Rates!
*There is a $20 annual fee for the Overdraft Line of Credit.
|