Overdraft Protection

You have options to back up your checking in the event you overdraw your account.

Ready Reserve Checking

• Revolving line of credit attached to checking account
• Transfers in increments of $100
• Interest rate is at a fixed 15% APR with a periodic rate of .041096%.
• Interest accrues immediately after line of credit advancing.
• Annual fee of $30.
• No additional fee for line of credit advancing.

Savings Account Transfer

• Checking account is attached to savings
• Transfers in increments of $100
• If savings balance is less than $100 then the transfer will take remaining balance of savings account
• Covers the overdrawn amount to avoid overdraft fee.
• Prevents items from getting returned.
• $5 fee plus tax assessed to checking for each savings account transfer.
• Each overdraft transfer is considered a withdrawal from savings.

No Protection

• Items presented to the bank will be paid on bank discretion.
• $29 fee per presentment on returned items presented to the bank (maximum of $290 per day per account).
• $29 fee on overdraft items (maximum of $290 per day per account).
• Transactions subject to overdraft and return check charges are checks, in-person withdrawals, ATM withdrawals, and other electronic means.