Overdraft Protection
Short on cash? No problem. Principal Bank offers two great solutions to help cover those unexpected expenses and provide the backup you need:
Principal Bank Home Equity Line of Credit (HELOC)
- Extra funds where and when you need them
- Funds transferred to your checking account to cover checks or make purchases
- Write checks as usual -- your HELOC funds will cover any excess
Principal Bank Savings Account
- Keep your extra funds earning higher interest
- Funds are accessed when checks or online billpayments exceed checking balances
- Transfers are made in increments of the overdraft amount with no transfer fee (limit 6 per month)
Remember:
- Overdraft protection with your savings account is available to cover the checks you write and your online billpayments. At this time, overdraft protection from a savings account will not cover electronic transactions such as debit card and ATM transactions.
- Overdraft protection from your HELOC covers all transaction types.
- A finance charge may apply for advanced funds, depending on the type of overdraft protection you choose.
To sign up for Overdraft Protection today:
- Current Customer: Complete the Overdraft Protection Form (PDF: 122 KB)
- New Customer: Sign up for Overdraft Protection while completing the online application
