No overdraft fees from Bank of Internet allow people the peace of mind in knowing that their finances are that much more secure. Overdrafts are rarely intentional. They happen by mistake when someone doesn’t realize that their funds are insufficient.
Bank of Internet has two types of Overdraft Protection that help internet checking account holders sidestep overdraft fees:
1) Overdraft Line of Credit
In this scenario, Bank of Internet advances funds to your online checking account to cover an overdrawn check up to the limit of your line of credit. Unlike other banks, Bank of Internet does not charge an advanced fee for this service.
2) Overdraft Protection by Linking Accounts
Link your online checking account to another online savings or money market account. The balance in the linked account will cover any shortfall in your online checking account (up to the full balance of the linked account).
Visit BankOfInternet.com to open an account, or call 1-877-541-2634 to speak with a representative.
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