Bank of Internet offers two forms of overdraft protection with every Rewards Checking account. Those that have a Rewards Checking account can choose to protect their account from overdraft through a line of credit or by linking to another account.
By choosing to protect your Rewards Checking account with a line of credit, Bank of Internet will agree to advance funds to your online checking account in the event of an overdrawn check. Bank of Internet will continue to advance funds up to the limit of your line of credit, and they will not charge you for an advance fee.
You may also opt to protect your account from overdrafts by linking your online checking account to another online savings or money market account. By linking another account to yours, funds will automatically be transferred into your account should you go into overdraft. Although funds should automatically transfer to avoid overdrafts, savings and money market accounts are limited to a maximum of six transactions per month due to regulations.
Overdraft protection is just one of the many benefits of having a Rewards Checking account with Bank of Internet. In addition to overdraft protection, Rewards Checking account holders will also enjoy unlimited ATM reimbursements no matter what ATMs you use, MyDeposit for easy online deposits from your home or office, and FinanceWorks to budget and manage your money online.
Bank of Internet is making online banking easy. With numerous products and services to use at your disposal, Rewards Checking makes it easy to keep track of your money wherever and whenever you want. Visit Bank of Internet and open your own Rewards Checking account today.