Personal Banking > Personal Loans > Overdraft Protection
Overdraft Protection1
DETAILS
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Product Description
An unsecured credit line connected to your personal checking account.
Purpose
To prevent your personal checking account from being overdrawn.
Minimum Line Amount
$500
Maximum Line Amount
$10,0002
Term/Repayment Period
There is no stated maturity or term for this product. You may cancel at any time with written notice to us. We may cancel without cause with 15 days written notice to you.3
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Payment Requirements
Payments will generally be automatically deducted from your checking account. Your minimum monthly payment will be 2.78% of your outstanding principal balance plus accrued interest and other charges.
Interest Rate Features
Fixed rate only. Call 1-800-995-5626 or the branch nearest you for the rate currently available.
Costs
You will not be charged any loan setup fee.
Annual Fee
None.
1 All loans are subject to credit approval, verification, and collateral evaluation. Credit approval is subject to your meeting specific underwriting requirements. Product available to Arizona residents only and is subject to change without notice. Must be over 18 years old to apply.
2 You may have up to two (2) Credit Reserve Lines. The combined credit limit is determined based on your income and ability to repay. The combined credit limit can not exceed $10,000.
3 If you close your checking account, you will be required to repay the outstanding principal balance plus interest and fees immediately in full. At National Bank of Arizona’s option (subject to credit approval), you may be able to repay the outstanding principal balance in monthly installments not to exceed 36 months.
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