In addition to numerous benefits, Rewards Checking proudly offers overdraft protection. If you’ve ever had an overdraft, you know how annoying they can be. Overdraft protection is one of Bank of Internet’s many ways to make online banking more enjoyable with Rewards Checking.
Overdrafts are never fun. With one slight mathematical error, you may find yourself facing exorbitant overdraft fees that severely put your bank account into a negative balance. Bank of Internet has a couple of options for its Rewards Checking
account holders so that this may never happen again. Account holders have the option to protect their account from overdrafts by way of a line of credit or by linking their account to another online savings or money market account.
To protect your account by a line of credit, Bank of Internet will provide you with the credit needed to prevent any overdrafts from occurring. If your online Rewards Checking
account should fall into danger, Bank of Internet will immediately transfer funds into your account so that you may avoid and overdraft fees. Bank of Internet will continue to fund your account up to the limit of your line of credit.
Your online banking
account may also be protected by linking your Rewards Checking account to a separate online savings or money market account. In the event of a potential overdraft, your Rewards Checking account will automatically pull from the link account to cover your expenses. It will continue to do so until the funds from the linked account have been depleted.
Overdraft protection is one of many ways Bank of Internet makes Rewards Checking beneficial to your financial health. For more information or to open your own Rewards Checking account, visit Bank of Internet today.