All lines will be for a maximum of $1000.00 at a fixed rate of interest of 12% APR*. It doesn’t cost anything to have the line of credit available, the only fees involved will be if you access the line of credit by over-drafting your checking account. A fee of $5.00 will be assessed for each day that the line is accessed. Transfers to cover the overdraft amount will be made from the Overdraft Protection line of credit to the checking account in increments of $50.00 to cover both the overdraft amount and the access fee. A full increment of $50.00 must be available for transfer.
*APR=Annual Percentage Rate
