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Overdraft Protections

Overdraft Assurance Program 

  • Available on all consumer checking accounts
  • No credit check required 
  • The protection limit is based on the type of checking account you carry with the bank
  • No set-up fee 
  • You are only charged if you use this privilege service 
  • $32.00 overdraft fee (each debit or check paid)

If your account remains negative for five (5) consecutive business days a $5 Continued Negative Balance Fee will be assessed. This fee will continue for every fifth (5) consecutive business day until the account is brought into a positive balance.  A fee may be imposed for covering overdrafts created by check, in-person withdrawal, ATM withdrawal or other electronic means. Whether your overdrafts will be paid is discretionary and we reserve the right not to pay. For example, we typically do not pay overdrafts if your account is not in good standings, or you are not making regular deposits, or you have too many overdrafts.

Overdraft Protection Line of Credit 

  • Available on all consumer checking accounts
  • Coverage through a personal unsecured line of credit 
  • Automatic payback program is established to pay back the line of credit 
  • Advances occur in $100.00 increments
  • Subject to credit approval
  • No set-up fee or application fee
  • $30.00 annual fee
  • Finance charges accrue immediately when the overdraft protection line is advanced

If your account remains negative for five (5) consecutive business days a $5 Continued Negative Balance Fee will be assessed. This fee will continue for every fifth (5) consecutive business day until the account is brought into a positive balance.  A fee may be imposed for covering overdrafts created by check, in-person withdrawal, ATM withdrawal or other electronic means. Whether your overdrafts will be paid is discretionary and we reserve the right not to pay. For example, we typically do not pay overdrafts if your account is not in good standings, or you are not making regular deposits, or you have too many overdrafts.

Overdraft Protection Transfer 

  • Coverage to link your checking account to a Bank of Luxemburg checking or savings account to cover overdrafts
  • Transfers occur in $50.00 increments 
  • Use your funds to cover occasional overdrafts
  • No set-up fee 
  • $12.00 per sweep

If your account remains negative for five (5) consecutive business days a $5 Continued Negative Balance Fee will be assessed. This fee will continue for every fifth (5) consecutive business day until the account is brought into a positive balance.  A fee may be imposed for covering overdrafts created by check, in-person withdrawal, ATM withdrawal or other electronic means. Whether your overdrafts will be paid is discretionary and we reserve the right not to pay. For example, we typically do not pay overdrafts if your account is not in good standings, or you are not making regular deposits, or you have too many overdrafts.