This unsecured line of credit protects against overdrafts in your checking account.
If the balance falls below $0, funds are automatically transferred from a pre-approved credit line ($1,000 - $5,000) in increments of $500.
For additional information, contact Business Banking.
Available when needed:
- Convenient, "ready-to-use" credit
- No collateral required
- Use as often as needed, up to individual credit limit
- Minimum payments of interest plus 25% of outstanding principal balance are automatically deducted from checking account monthly
- Annual fee of $100
- Variable interest rate of Prime + 5.9%, floor of 10.9%
- No prepayment penalty