With Credit Reserve, your charges will be covered to help you avoid overdraft fees and embarrassing situations. It's a line of credit that advances automatically to cover shortages in your checking account. You pay interest on the amount you use but there are no transaction fees.
|Credit Reserve||One-Way Sweeps||Bounce Protection|
|Fee per transfer or advance||N/A||$5||$25*|
|Application and credit approval required||Yes||No||No|
|Annual Percentage Rate (APR)||15.00%†||N/A||N/A|
|APR for cash advances||N/A||N/A||N/A|
|Automatically enrolled?||No||No||Yes ‡|
|Can I opt out?||N/A||N/A||Yes|
*The fee may be imposed for overdrafts created by check, in-person withdrawal, fees, or electronic transactions other than ATM or one-time point-of-sale transactions. It may also be imposed for overdrafts created by ATM or one-time point-of-sale transactions if you have opted in to that service. You must bring your account to a positive balance, including the payment of Bank fees charged to your account, at least once every 30 days. We will not pay an overdraft if:
†The information about the costs of the services described on this page is accurate as of 09/06/2017. This information may have changed after that date. To find out what may have changed, call us at (800) 815-BANK (2265).
‡ Only for those 18 years or older.