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If I have the SureLine authorized line of credit, do I still need Debit Card/ATM overdraft coverage?

April 26, 2017ATM authorized coverage Debit card line of credit overdraft

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If I have the SureLine authorized line of credit, do I still need Debit Card/ATM overdraft coverage?

1 Answer

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10 Posted

A. Debit Card/ATM Overdraft Coverage is over and above any authorized secured line of credit. If you have exhausted your line of credit and you have insufficient funds in your checking account, debit card/ATM overdraft coverage may then apply and you will have everyday debit card and ATM transactions authorized. Without this overdraft coverage, your everyday debit card and ATM transactions will be rejected in most cases, if your authorized line of credit has been used and you have insufficient funds in your checking account.