Overdraft Protection

Add Overdraft Protection to your eChequing account and enjoy the peace of mind knowing you'll have access to extra funds when you most need them.

With credit limits ranging from $500 to $5,000, you can customize your overdraft protection to best need your needs.


  • Low monthly fee of $2.50
  • 19.99% Annual Interest Rate
  • Access your overdraft limit through all channels linked to your chequing account (bill payment, cheques, point of sale, pre-authorized debits, etc.)
  • Repayment is easy as making a deposit to your account
  • If you have an Alterna Line of Credit or Secured Line of Credit, you can also set these up to provide overdraft coverage on your Alterna chequing account.

Open online in minutes.
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Application is subject to credit approval.

Overdraft fees are in addition to interest charges on the outstanding overdraft amount. Interest will be calculated and debited monthly to your account based on the final daily indebtedness in the account throughout the calendar month. Interest rates set by Alterna Bank will apply both before and after the Overdraft Protection service is terminated, and before and after judgment is obtained against you.