Cash Reserve is an extra reserve of cash…your own personal line of credit that automatically activates itself anytime you overdraw your checking account or just need extra credit for any reason.
| Annual Percentage Rate |
14.90% |
| Daily Periodic Rate of Finance Charge |
0.040712%
Includes interest and no other costs. |
Repayment Terms
(2 payment options) |
- 7.00% of the loan principal balance plus accrued interest or $10.00 whichever is greater; or
- the entire loan balance due plus accrued interest.
|
| Advances |
When your checking account is overdrawn, advances will automatically be deposited into your account in increments of $100 to cover the overdraft of request. |
| Automatic Payments |
Payments are automatically deducted from your account on the day after your statement cycle ends. |
| Grace Period |
There is no grace period. A finance charge is imposed from the day each loan is made up until the day the bank receives your payment and the balance in your account is paid in full. |
Balance Computation Method |
Daily periodic rate of finance charge is applied to the principal balance each day. |
| Annual Fee |
$22.00 |
