Savings Account Funds Transfer
The automatic transfer option allows you to transfer money from a savings account at Independence Bank into your checking account if the balance is low. You use your own money to be sure you don't overdraw your accounts.*
Security Reserve is a revolving overdraft line of credit that is tied to your checking account and is automatically advanced when your account is overdrawn. Security Reserve is a loan product which requires a separate application process, assesses interest charges when advanced upon and, like any loan product, is based upon approved credit qualifications.
Please talk to our friendly staff about adding Overdraft Protection to your checking account today or click here to fill out an online application.
*Federal Banking law sets a limit of six preauthorized transfers on savings accounts per month. Transfers initiated by a Savings Account Transfer are included in this limit.
Contact Us to set up your Overdraft Coverage