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Overdraft Protection Line of Credit
At Maine Family FCU, we’re your financial safety net, ready to catch you if you ever exceed your balance. Your primary shield is setting up overdraft protection to link your share account to transfer funds to your checking account in the event a check, debit card, or ATM transaction exceeds the available balance in your account. Our Overdraft Protection Line of Credit is the second option for overdraft protection. Courtesy Pay is the third and ultimate option, pending your qualification. Count on us to keep your finances secure and your worries at bay.
Overdraft Protection Line of Credit
An overdraft line of credit provides peace of mind and convenience by injecting funds into your share draft account from a pre-established line of credit to cover expenses that exceed your balance. Overdraft lines of credit require a separate application and are subject to underwriting approval.
Disclosures
- Rate: 14.00% Fixed APR
- Payment: 3% of balance or $35, whichever is greater
- Transfer Fee: $10.00
- Transfer Increments: $50.00
- Maximum Advance: Not to exceed line of credit
- Late Fee: 5% of the payment if the loan payment is 15 days past the due date
- Payment Due Date: 30th of each month
- Line of Credit Increments: $500 with a maximum of $2500
Note: Approval will be based solely on the primary owner of the share draft account. Line of credit amount will not be included in maximum unsecured aggregate amount.