What is an overdraft line of credit?

If you have an unexpected shortage of funds, your overdraft line of credit covers transactions that exceed the balance in your checking account.2

Reserve line of credit details and benefits

You can use your line of credit to cover short-term cash needs and you only pay interest on the money you borrow.

Overdraft protection

Use your reserve line of credit to guard your checking account from accidental overdrafts or to cover any short-term cash needs.3

Learn more about overdraft protection and applicable fees.

Fast application

Applying for a reserve line of credit takes just a few minutes with our quick and secure online application process.1

If you’re already a U.S. Bank checking account customer, you can also start your application in the mobile app or through online banking.

Easy access to available funds

Conveniently add money from your line of credit into your checking account with mobile and online banking, ATMs, at a branch or by calling 24-hour banking.

No annual fee

You’ll pay no annual fee with a competitive variable rate, currently 21.90% annual percentage rate (APR), only on the money you borrow.1

Not a U.S. Bank checking customer? Explore our checking account options.

How to apply for a reserve line of credit

Our application process is fast and easy.

Step 1: Choose how to apply.

If you’re already a U.S. Bank checking account customer, you can start your application:

Step 2: Apply.

When you’re ready to apply, you’ll need:

  • Social Security number (SSN) or Individual Taxpayer Identification Number (ITIN)
  • Home address and employment information

Once you submit your application, we’ll gather your credit information. Typically, we notify you with your reserve line of credit approval status in less than a minute.

Step 3: Close on your reserve line of credit.

If your reserve line of credit is approved, funds are available within one business day of closing.

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  1. Subject to credit approval. The APR for advances is 21.90%. There is no annual fee. You only pay finance charges on the amount you borrow. Credit line may be reduced or additional extensions of credit limited if certain circumstances occur.

  2. Overdraft fees may still be incurred if your Reserve Line does not have sufficient available credit to cover activity that overdraws your account.

  3. May be subject to an Overdraft Protection Transfer Fee imposed on your checking account. Your Deposit Account Agreement and the Consumer Pricing Information brochure list terms, conditions, and fees that apply to U.S. Bank personal checking accounts. You may obtain a copy of the brochure by visiting a branch or calling 800-872-2657.

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Loans and lines of credit are offered by U.S. Bank National Association. Deposit products are offered by U.S. Bank National Association. Member FDIC.