Overdraft Protection

Add overdraft protection to your Alterna chequing account

Enjoy the peace of mind of knowing you’ll have access to extra funds when you need them. No longer worry about your account becoming overdrawn if you accidentally don’t have enough money in your account to clear outstanding cheques, pre-authorized debits and debit card transactions. Your overdraft protection will automatically come into effect to cover any shortfall up to your approved overdraft limit.

Overdraft Protection Plans

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Monthly Plan Overdraft Protection

    • Low monthly fee of $2.50
    • Annual interest rate of 19.99%
    • Credit limits ranging from $500 to $5,000**

How it works:

Pay one monthly fee regardless of how often your account goes into overdraft.

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Pay Per Use Overdraft Protection

    • $5.00 fee each day, per use
    • Annual interest of 19.99%
    • Credit limits ranging from $500 to $5,000**

How it works:

Pay only when an overdraft is created or increased on your account.
(Not available for residents of Quebec)

Ways to Bank

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How can we help?

**Application is subject to credit approval

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