Ready Reserve Overdraft Line of Credit


$50.00 per year.

This overdraft protection plan can prevent those costly NSF/Overdraft fees. It consists of a Line of Credit, typically for $500. When an overdraft occurs, Ready Reserve transfers funds to your checking account to cover the OD (rounded up to the next even $100). Interest accrues at 18% APR. You may pay the Ready Reserve Line of Credit at any time; but, if there is a balance when your monthly checking statement is printed, your checking account will be debited for a minimum payment of 3% of the Line of Credit balance or $10, whichever is more.

This service is subject to credit approval.