Overdraft Protection

From time to time, you may need the convenience of overdraft protection. Think of it as peace of mind for those times you need a little extra to cover a cheque or bill payment. Choose from two overdraft protection options:

Overdraft Transfer Service

• Pre-arrange to have funds transferred from one of your accounts, your Mosaik^® MasterCard card^®*, or your Personal Line of Credit to cover overdraft situations.
• Service included with the Performance, Premium and Plus Everyday Banking Plans.
• A per transfer fee applies when the service is used, in addition to a debit transaction fee (per transfer fees are waived in the Performance, Premium and Plus Everyday Banking Plans).

Personal Credit Reserve

• Provides overdraft protection coverage from $500 to $2,500 at prevailing interest rates (subject to qualification).
• Monthly fee is waived with the Performance, Premium and Plus Banking Plans.
• No per item fee, provided you are within your approved Personal Credit Reserve limit.
• For coverage greater than $2,500, consider a Personal Line of Credit with Overdraft Transfer Service.

Review fees for overdraft protection
Learn more about Everyday Banking Plans