Overdraft Protection is a line of credit, linked to your chequing account that protects against unforeseen cash flow shortages. Increased Overdraft Protection equal to your payroll deposit at Comtech Fire is available upon approved application. Interest owing on the overdraft is calculated on the daily outstanding balance and posted monthly on the last day of each month.
- Protection against unforeseen cash flow shortages
- Automatic approval of a $200 overdraft with your chequing account
- Higher overdraft protection amounts available
- Eliminate embarrassing NSF situations
- Pay interest only for funds used
- Can be used over and over up to overdraft limit