Overdraft Protection
Overdraft Protection is a revolving limit up to US$5,000 attached to a Personal Banking account and provides clients with a hassle-free form of protection against cheque(s) or other debit items being returned for non-sufficient funds.
No matter how well organized you might be financially, things can change and you may unexpectedly find yourself short of funds.
If this happens, one option to consider that may help you manage your cash flow is an Overdraft Protection.
At RBC this facility is designed to assist clients seeking to address short term cash flow issues by providing credit to ensure that financial commitments are met in a timely manner.
Features |
Benefits |
|---|---|
| Revolving credit tied to salaried/ income account | ACCESS – additional buffer to your monthly income to cover expenses in a timely manner |
| Personalized limits ranging from US$200 to US$5,000 | PEACE OF MIND – funds readily available to meet shortages of cash flow |
| Unsecured Lines available | FREED-UP ASSETS – your savings remain unencumbered |
| Interest and principal repayment | EASY TRANSACTING – monthly deposits to your account will clear interest followed by principal balance |
| FREE Digital Banking access | CONVENIENCE – bank on your own terms – monitor transactions without having to visit the bank |
| FREE monthly e-Statements |
EASY ACCOUNTING – track outstanding overdraft balances and transaction history via digital banking platform |
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