Premier Bank offers several options to protect your checking account in the event a transaction results in an overdrawn balance.
Premier Bank may authorize overdrafts and assess an overdraft fee on transactions made by check, ACH, and other automatic payments.
Below is a list of Premier Bank’s overdraft protection options.
1. AUTOMATIC TRANSFER AGREEMENT
Cost: $10.00 per transfer
Transfers from your checking, savings or money market account will be made in multiples of $100 to cover each overdraft in your checking account. ATM and debit card transactions will only be authorized based on an available balance in your transfer account.
To sign-up for this overdraft option, contact a bank representative at 563-588-1000.
2. OVERDRAFT LINE OF CREDIT
Advances in increments of $200 on an eligible line of credit can be made to cover each overdraft on your checking account up to your credit limit. ATM and debit card transactions will only be authorized based on an available balance in your line of credit. Interest will be charged per your loan agreement on the outstanding balance on your line of credit.
To apply for this overdraft option, contact a bank representative at 563-588-1000.