Overdraft Protections

Overdraft Assurance Program

Available on all consumer checking accounts
No credit check required
The protection limit is based on the type of checking account you carry with the bank
No set-up fee
You are only charged if you use this privilege service
$35.00 overdraft fee (each debit or check paid)

A fee may be imposed for covering overdrafts created by check, in-person withdrawal, ATM withdrawal or other electronic means. Whether your overdrafts will be paid is discretionary and we reserve the right not to pay. For example, we typically do not pay overdrafts if your account is not in good standings, or you are not making regular deposits, or you have too many overdrafts. Fees charged for covering overdrafts, as well as the amount of the overdraft item, will be subtracted from any overdraft protection limit disclosed. Transactions may not be processed in the order in which they occurred, and that the order in which transactions are received by the institution and processed can affect the total amount of overdraft fees incurred by the consumer.

Overdraft Protection Line of Credit

Available on all consumer checking accounts
Coverage through a personal unsecured line of credit
Automatic payback program is established to pay back the line of credit
Advances occur in $100.00 increments
Subject to credit approval
No set-up fee or application fee
$30.00 annual fee
Finance charges accrue immediately when the overdraft protection line is advanced

Overdraft Protection Transfer

Coverage to link your checking account to a Bank of Luxemburg checking or savings account to cover overdrafts
Transfers occur in $50.00 increments
Use your funds to cover occasional overdrafts
No set-up fee
$10.00 per sweep