What is an overdraft line of credit?
When you combine your U.S. Bank checking account with a reserve line of credit you’ll gain protection from overdrafts and pay no annual fees,1 only paying finance charges on the amount you borrow at 21.9% annual percentage rate (APR). You can even use your line of credit to cover short-term cash needs.
So, if you have an unexpected shortage of funds, your overdraft line of credit covers transactions that exceed the balance in your checking account.2
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The benefits of a reserve line of credit
- Protection for your U.S. Bank checking account from accidental overdrafts2
- No annual fee1
- Convenient automatic advances into your checking account when your balance falls below zero3
- Ability to manually advance funds directly into your checking account for no fee via online banking, U.S. Bank ATMs, a U.S. Bank teller or 24-Hour Banking
Our online application is convenient and secure.
You must be a U.S. Bank checking account customer to apply.
If you’re already a U.S. Bank checking account customer, you can start your loan application online, at a branch, or by calling 800-491-3150.
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