Bank of Internet Rewards Checking Makes Overdraft Fees a Thing of the Past
When it comes to overdraft fees, Bank of Internet knows how annoying they can be. That’s why they’re offering free overdraft protection with every Rewards Checking account. Account holders can now enjoy their overdraft protection in one of two ways, through a line of credit or by linking their rewards Checking accounts to an outside online savings, or money market account.
By opting to protect your Rewards Checking account with a line of credit, Bank of Internet will advance funds to your account in the event of an overdraft. Bank of Internet will continue to advance funds into your account up to the limit of your line of credit. Bank of Internet won’t even charge you an advance fee.
You can also protect your account from overdrafts by linking your account to another online savings, or money market account. If you have an overdraft, your account will automatically withdraw from the linked account so you don’t get an overdraft. The transfers will continue to occur up to the balance of the linked account, however, due to regulations; savings and money market accounts are limited to six transactions per month.
Overdraft protection is just one of the many ways Bank of Internet is making online banking easier with Rewards Checking. In addition to overdraft protection, Rewards Checking account holders will enjoy unlimited ATM reimbursements, a free Visa debit card, free online Bill Pay and mobile banking, and Purchase Rewards. Account holders also get free online transfers, including person to person transfers with Popmoney. They can even enjoy the benefits of free money management software, FinanceWorks, powered by Quicken, to help them budget and maintain their bank account online.Opening a Rewards Checking account with Bank of Internet is easy to do. You only need $100 to open an account and you’ll never have to worry about monthly minimum balances and maintenance fees. Visit Bank of Internet today to open your own Rewards Checking account now.