Bank of Internet knows that overdraft fees are no fun. It’s embarrassing enough to run out of money, but having to pay a large fee after words only adds insult to injury. That’s why Bank of Internet wants to help you avoid the headache and offers free overdraft protection with Rewards Checking.
If you have a Rewards Checking account with Bank of Internet, you have to option to protect your checking account from overdraft through a line of credit or by linking your account to another account. Either way will provide you with peace of mind knowing that your account is covered if you should ever face an overdraft situation.
By protecting your account with a line of credit, Bank of Internet will advance funds into your Rewards Checking account if you need to cover an overdrawn check. Bank of Internet will continue to advance funds to your account up to the limit of your line of credit. There is no charge for the advances, and the service is still completely free. To apply for a line of credit you simply have to submit an application that can be found on the Bank of Internet site.
If you are ineligible for, or would prefer not be protected by a line of credit, you could always choose to protect your account by linking your Rewards Checking account to another online savings or money market account. This form of overdraft protection is similar to a line of credit provided by Bank of Internet, but instead of depending on credit, your account is protected by the balance of the account that is linked to your Rewards Checking account. Linking your accounts is easy and can be set up when you log into your Rewards Checking account.
If you haven’t opened a Rewards Checking account with Bank of Internet you should. In addition to overdraft protection, you also get unlimited ATM reimbursements and a variety of tools and services to make online banking an easier and more convenient experience. Visit Bank of Internet and find out how a Rewards Checking account can help you manage your money better today.
