A bounced check. It happens to the best of us, and it’s never any fun. Maybe a deposit arrived late, a withdrawal came early, or there was a simple math error. Whatever the reason, you can help protect yourself from non-sufficient funds (NSF) fees with an Express Line of Credit.
We offer the most consumer-friendly account protection around by saying NO:
While many other financial institutions charge a fee ranging from $10 to $25 or more just to make a transfer from your established line of credit, we don’t! The only cost associated with this line of credit is the finance charge (16% apr) on the amount actually used. If you never use it, it doesn’t cost you anything! But if you need it, the finance charge is tiny compared to the expense and hassle of dealing with a returned check.
Not sure if an Express Line of Credit is worth it? Consider this scenario: You need to pay $350 for a car repair, but won’t get paid for another week. So, you write out a check, hoping your paycheck will beat the check. It doesn’t.
|No Express Line||With Express Line|
|NSF Fee from the Credit Union||$25||$0|
|NSF Fee from the Mechanic||$25 (or more!)||$0|
|Finance Charge for 7 Days||$0||$1.07|
|Total Fees||$50.00 or More!||$1.07|
In addition to saving nearly $49 on this one check, an Express Line of Credit avoids the embarrassment and hassle of having to deal with a returned check.
Do you prefer using your debit card instead of checks? We don’t blame you! An Express Line of Credit helps here too by providing funds to approve your transaction instead of declining it.
No matter how you look at it, our member-friendly Express Line of Credit just makes sense. So don’t leave yourself unprotected. Apply now!