Commercial Overdraft Line of Credit is a cash management tool that automatically transfers funds, when needed, from an existing Business Line of Credit to a Commercial Checking account. If interested in opening a new Business Line of Credit, please contact the Commercial Loan department at 1-800-730-0630 for further information. This valuable service increases cash flow, eliminates overdrafts and reduces NSF/Overdraft cost.
Features
Available on existing Business Lines of Credit.
$50 annual fee, waived the first year, thereafter assessed to the line.
Funds transferred in increments of $100.
$10 charge per transfer, charged to the checking account.
No transfer fees for customer initiated Online Banking transfers.
