Overdraft protection is a line of credit attached to your chequing account that will give you added peace of mind by guaranteeing a specific amount of credit to cover cheques or withdrawals in excess of the funds available in your chequing account. Attaching overdraft protection to your chequing account will help you to avoid NSF charges and maintain good credit while giving you a little extra room to keep up with all your day-to-day expenses.

Interest on your overdraft balance, if you have one, is calculated on the daily closing balance and is charged to the account at month end.

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