Adding overdraft protection to your account provides you with a cushion for unexpected expenses by ensuring that your cheques and withdrawals are covered if you're running a bit short on funds.
Having overdraft protection added to your account means:
Interest is charged on the amount overdrawn at the current rate of interest until the funds to cover the overdraft are re-deposited to the account.
Note: A higher rate of interest and associated Bank fees are applied to unauthorised overdrafts.
For more information or to apply for overdraft protection, consult a Personal Banking Representative at any of our Banking Centres or call our Loan Hotline at (441) 298-4799.