Write cheques with confidence – you can protect yourself against unexpected overdrafts and the embarrassment of returned cheques. Overdraft limits vary as they will match the size and strength of each different business. With Overdraft Protection, you can enjoy:
Buying power. Enjoy increased purchasing power and working capital since you can write cheques up to the amount of your credit limit plus your chequing account amount.
Flexibility. Write cheques or get cash when you need to, even if your chequing account is low. With Overdraft Protection, you can withdraw cash from your chequing account at an ATM, up to the available limit approved by your Branch Manager (daily ATM cash limits still apply).
Savings. Avoid returned cheque charges and fees from stores or creditors.
Financial control. Protect your credit rating. You can always pay your bills on time knowing that Overdraft Protection covers your cheques until your deposits clear.