Overdraft protection is a line of credit attached to a chequing account that prevents cheques from being returned because of insufficient funds. For example, if you inadvertently write a cheque while your account is short of funds, this service covers the amount up to the overdraft limit.
Peace of mind
Credit limits up to $5,000. Life insurance is available.
Overdraft fees eliminated.
Variable interest rate
Interest is calculated on the daily closing balance and paid monthly.
Overdraft protection is activated automatically.