Business Overdraft Protection
Have peace of mind when it comes to managing your business account with Overdraft Protection. Our two Business Overdraft Protection options can provide you the security of knowing your checks and automatic debits are covered when there's not enough money in your checking account:
- Overdraft Protection* (Sweep) - Transfers money from one business account to another to pay outstanding checks and debits in increments of $100. This is up to the available balance of your account.
- Overdraft Protection Line of Credit** This is an unsecured revolving line of credit that's linked to your checking account to cover overdrafts.
What it pays:
What it costs:
- There is no fee for an Overdraft Protection transfer, however interest is charged on an Overdraft Line of Credit.
*Federal regulations limit the number of the following types of withdrawals and transfers from a savings account to a total of six (6) each month: electronic debits, checks, automatic or pre-authorized transfers, online or telephone withdrawals.
**Subject to credit approval. See Consumer Loan Rates for more information.