With Webster’s Overdraft Protection, available through a small business line of credit, we’ll help you plan for those cash needs you didn’t see coming.
- Fast Facts
- Uses your Business Line of Credit
- May help you avoid overdrafts
- Helps protect your credit
As responsible as you are with your business’ finances, Webster understands there may be the occasional snag. You know, like when your vendor cashes his check a little early, at the same time your deposit happens to be a little late.
To help protect you and your credit standing in those unexpected events, Webster offers the security of Overdraft Protection for your checking account.
Webster Offers Two Types of Overdraft Protection
Savings Overdraft Protection1
Set up savings overdraft protection by linking a business money market savings account to your business checking.
Overdraft Line of Credit
Apply for a Small Business Line of Credit that can be linked to your business checking account. Your credit standing will be protected for amounts up to the maximum available under your line of credit.
For more information on Overdraft Protection, please call us at 1-877-366-9898.
* Federal regulations limit the number of transfers and electronic payments from a savings or money market account to a maximum of six (6) per month or statement cycle from the following categories: preauthorized transfers, including overdraft protection: telephone transfers; electronic transfers, including WebsterOnline transfers: Check Card payments to third parties; ACH transactions; and wire transfers. Of the six (6) transfers or withdrawals, no more than three (3) may be made to third parties.
All credit products and pricing are subject to the normal credit approval process. Some applications may require further consideration and/or supplemental information. Certain terms and conditions may apply. SBA guaranteed products may also be subject to additional terms, conditions and fees. Requires a Webster business checking account which must be opened prior to loan closing and which must be used for auto-deduct of payment.