Add overdraft protection to your Alterna chequing account and enjoy the peace of mind of knowing you’ll have access to extra funds when you need them. No longer worry about your account becoming overdrawn if you accidentally don’t have enough money in your account to clear outstanding cheques, pre-authorized debits and debit card transactions. Your overdraft protection will automatically come into effect to cover any shortfall up to your approved overdraft limit.
- Repayment is as easy as making a deposit to your account
- Low monthly fee of $2.50
- Annual interest rate of 19.99%
- Covers all draws on your chequing account (bill payments, cheques, point of sale, pre-authorized debits, etc.)
- Credit limits ranging from $500 to $5,000**
- Application is subject to credit approval