Overdraft Protection
Cover Your Checking Account with a Business Line of Credit
Convenience
Make purchases knowing you are protected. We’ll Cover You from bouncing checks with a Business Line of Credit. The credit line prevents your checking account from being overdrawn, up to your available limit.
Peace of Mind
You may never need protection. Simply having the Busieness Line of Credit provides you with one less worry. The loan is paid by making monthly payments on the amount you owe. Of course, you may repay your entire balance at any time.
Features
• $5,000.00 maximum available Line of Credit limit
• No minimum finance charge or transaction fee
• Interest calculated based on daily balance
• Activities appear on checking statement
Regulation D Transaction Limitations -Federal regulations require banks to limit the way withdrawals and transfers may be made from a savings or money market account. Click here for additional information on restricted transactions and applicable fees.
First Michigan Bank is participating in the FDIC Transaction Account Guarantee Program