learn what other users had to say about

the Price of Overdraft Protection

Submitted by  
$ 14
Oct 2007
Asheboro, NC
Overdraft protection from savings to checking accounts  more... close row
$ 15
Oct 2007
Forks, Washington
Overdraft protection uses credit card and many fees  more... close row
$ 6
Jan 2008
Northeast Arkansas
Unlimited checks and overdraft protection  more... close row
$ 0
Apr 2008
Mt Laurel, NJ
Line of credit for overdraft protection  more... close row

Description of service

The way the overdraft protection works at the bank that I use is that you have to apply for a credit line. They call it a cash reserve line. How it works is that you apply for this credit line and it you overdraft your account it will pull the funds in incremements of $100.00 from this credit line and transfer it into your checking account to cover the overdraft. When this happens you do not incur the overdraft fee. All you have to do is pay the credit line back.

Review of Service

The service is ok. I would rather have the oversraft protection come from my savings account but it is good to have the protection. The one good thing about it is that if you pay the credit line back before the 30 day time periods is up you do not incur any finance charges. If you do not have the money you can pay it back with the money minimium balance so it gives you time to pay it off but you will incure the finance charges.


Before youapply for and overdraft protection make sure that you know how it works. Whether it be pulling the money from your savings or from a credit line. Also make sure that you are finding out if there are any fees associated with it.

$ 10
Apr 2008
New York ,NY
Credit card for overdraft protection  more... close row
$ 30
Jan 2008
athens ohio
Montly overdraft protection for up to $500 coverage  more... close row
$ 2
May 2008
Jim Thorpe
Transfer fee protected from overdraft protection  more... close row
$ 0
Apr 2008
Ashland, Ky
Only good things to say about bank  more... close row
$ 15
Mar 2008
Kansas City, Mo
Overdraft protection for line of credit  more... close row
$ 19
Mar 2008
Ida Grove, IA
Our local bank is one of the highest in the  more... close row
$ 0
Jan 2008
Belmawr, NJ
Overdraft protection draws funds from credit card  more... close row