An overdraft line of credit may be attached to your checking account. It protects your transactions in the event that you overdraw your checking account. It is a convenient service to have and anyone with a checking account can apply for this service. Funds are transferred into your checking account in increments of $25.00. Interest is accrued only on funds that are used. If more than $50.00 is transferred from the line of credit, minimum monthly payments of $50.00 will be required to repay the used funds. If the amount used from the line of credit is under $50.00, then the balance of that amount becomes the minimum payment.
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