What happens if I dont pay my Overdraft Line of Credit on time?
If you do not make the minimum deposit due by the last day of the following month, any missed payments will be included in the next payment due. If you miss a payment, a temporary hold will be placed on your account. Until a payment is made, you will not be able to use your Electric Orange Debit Card or make any withdrawals (including Bill Pay, Electric Checks, and paper checks). If you miss more than three payments, your Overdraft Line of Credit limit will be reduced to zero ($0), and your Electric Orange may be closed altogether. In addition, youll still need to make payments to the outstanding Overdraft Line of Credit balance. Please note, this does not affect any other accounts you may have at ING DIRECT.
