Overdraft Line of Credit
Credit solutions for emergencies
Overdraft coverage for crunch time
Nobody wants to see the dreaded “transaction declined” message-it can be both costly and inconvenient. An Overdraft Line of Credit can ease your concerns by providing a safety net for your finances. Enjoy peace of mind knowing you’re covered by getting an Overdraft Line of Credit.
An Overdraft Line of Credit can help in several ways, a few are listed below.
- Your card not being denied at the register.
- Your checks not bouncing.
- Your automatic payments not failing on your utilities or other bills.
- Protects against Courtesy Pay and NSF fees.
| Product | Fixed APR |
|---|---|
| Overdraft Line of Credit | As low as 10.9% |
The annual percentage rates (APRs) listed here represent our best available rates. Your individual rate may be higher depending upon your creditworthiness. Membership and eligibility required. OAC. Offer subject to change. Additional products and rates are listed here.
How Overdraft Credit works:
Once approved, use your checking account normally. The line of credit will cover any overspending.
Next, we watch your checking account to make sure you have a positive balance.
If you overspend, we transfer the amount from the Overdraft Line of Credit to keep your checking account positive.
Interest accrues on the advanced allowance until you pay it off.
Finally, we calculate your payment based off of your unpaid balance at the end of the month. Monthly minimum payment is equal to 3% of your balance or $15, whichever is greater.
Loan Requirements
To qualify, you’ll need:
- Membership & eligibility
- Credit Approval
- Deseret First Checking Account
Apply online today! For questions or to apply directly with a representative, call 801-456-7590 or 800-326-3328. Available weekdays: 8am-6pm, Sat: 9am-2pm. Additionally, you may visit any Deseret First Branch.
Apply online now