Overdraft Protection:
Providing
peace of mind Winter in Victoria Park - Kitchener - Angela House
Overdraft Protection Haven't we all been there? An unexpected expense pops up, or we overlook a post-dated cheque and we're caught short. For any reason, overdraft protection provides peace of mind.
At Your Neighbourhood Credit Union, overdraft protection is a convenient service that guarantees a specific amount of credit to cover cheques and withdrawals that exceed the funds available in your account. Your cheques, withdrawals, pre-authorized payments, and INTERAC® direct payment purchases are honoured up to your predetermined overdraft limit. Overdraft protection is a line of credit and you pay interest on the money you've borrowed, but there are no additional transfer fees. Overdraft protection is available for most chequing accounts, and protection limits are available from $250 to $2,500. Higher limits are available under the Line of Credit.
You can apply for overdraft protection, or obtain more details at your branch.
Coverdraft Protection With Coverdraft protection on your chequing account, we will automatically move funds from another available account (excluding Lines of Credit) to cover an overdraft, saving you an NSF fee or returned item. The coverdraft option is a good choice if you regularly maintain a balance in another available chequing or savings account. A fee is applicable to each coverdraft transfer. See our Standard Fees and Services.
Ask at your branch for coverdraft protection on your chequing account.
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