A Backup for Your Checking Account
An overdraft line of credit is designed to help cover transactions when your checking account balance is not enough.
Instead of a transaction being declined or causing an overdraft fee, funds are automatically transferred from your line of credit to cover the difference.
This line of credit is connected directly to your checking account. When needed, it activates automatically to cover shortfalls.
You then repay the amount used over time, often with interest only on what you borrow.
How This is Useful
An overdraft line of credit can help manage timing gaps between deposits and payments, or cover unexpected expenses without disrupting your account.
It provides a layer of flexibility that can help keep your finances running smoothly.
Compared to standard overdraft coverage, a line of credit offers a structured way to manage shortfalls with clearer repayment expectations.
At Harvest, we help you understand how it works so you can use it effectively when needed.