Sometimes, situations can arise where you might wish to have access to more money than you have available in your checking account. To meet this need, Eastern Bank offers Balance Protection and Cash Reserve Line of Credit.
Balance Protection allows you to set up an automated transfer between your checking account and another account. As long as there is a sufficient balance in your attached account, Balance Protection will automatically transfer funds to cover any overdraft transactions in your checking account.
Balance protection adds convenience by automating the transfer process and ensuring that you never forget to transfer the right amount.
Cash Reserve Line of Credit
Available to credit-qualified customers, an Eastern Bank Cash Reserve Line of Credit gives you overdraft protection and the comfort of knowing your checks can be paid even if your checking account balance is “off” a little.
$10 per transfer 1
$10 per advance 2
|Annual Participation Fee|
1. Fee is waived for Premier Checking and Premier Money Market accounts. There is no fee on days where your Balance Protection is not used.
2. Fee is waived if your account is linked to a Premier Checking account.