If you need a personal line of credit that also serves as an automatic overdraft protection, EXECU-CHECK is for you.

Features

EXECU-CHECK (overdraft protection) is an unsecured line of credit that covers overdrafts by transferring funds from an overdraft line of credit to your checking account. This gives you the option of reserving credit or borrowing by simply writing a personal check where a credit card is not accepted.

A customer who has a personal checking account and qualifies for a credit line may be eligible for an EXECU-CHECK.  (This is not available on business checking accounts.)

Once approved, a minimum credit line of $200 may be established with a maximum amount to be based on the qualifications of the applicant. There is no annual fee.

How It Works

When an item(s) for more than the balance in your account is presented for payment, the bank automatically transfers funds from your credit line to your checking account in $100 increments to cover the amount of the item(s).

Payments

Unless you prepay your EXECU-CHECK in full, your checking account will be debited monthly for the greater of $25 (or the amount you owe if less than $25) or 5% of the outstanding balance. You can make additional payments any time without a prepayment penalty.

All loans are subject to credit approval. Loan decisions are made locally by experienced, personal lending officers at all of our bank locations.

For more information about EXECU-CHECK, please see a lending officer at any of our bank locations or contact us to discuss your loan needs.