What is the difference between an overdraft protection account and an overdraft line of credit?
An overdraft protection account is a designated checking or savings account used to cover overdrafts in a primary checking account. An overdraft line of credit is a separate line of credit that is activated only by creating a negative balance in your checking account. Transfers are made automatically from your line of credit in multiples of $50-$100 per transfer up to your line limit (maximum of $1000).
