Personal Checking + CASH RESERVE = No More Overdrafts
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.
You can avoid costly overdraft fees and the embarrassment of overdrawing your account. Simply request an application form and return it to Home State Bank for approval.
|Annual Percentage Rate||14.90%|
(2 payment options)
1. 7% of the loan principal balance plus accrued interest or $10 whichever is greater; or
2. 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|
|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|
|Fee||There is not a monthly, quarterly, or annual fee for this product|