Overdraft Line of Credit
Overdraft Line of Credit
First Fed's Overdraft Line of Credit may be a less expensive option than our standard overdraft practices. The line of credit will be linked to a First Fed checking account. Access fees may apply. All owners on the linked checking account must also be borrowers on the loan. Loan payments are automatically deducted from the same First Fed checking account that is being covered by the loan.
You also have the option to link to a savings account, which could be a less expensive option than our standard overdraft practice. Finally, you can have us authorize and pay at our discretion on overdrafts, ATM and everyday debit card transactions. If you are interested in this service, click here for more info.