As of February 2023, we have discontinued our Overdraft Line of Credit product to customers. However, there are some accounts that have a remaining balance so the below information still applies.


Whenever you dip into your overdraft line of credit, we’ll calculate the interest owed from the day the transaction amount is posted until the balance is paid in full. There is no interest grace period for transactions that post against your overdraft line of credit. Interest owed will be calculated by:

  • Multiplying the daily ending balance on your overdraft line of credit by the daily periodic rate.
  • Daily periodic rate is calculated by dividing the current APR by 365 – or 366 in a leap year.
  • At the end of the month, we’ll add all of the interest owed amounts for the days that you held a balance in your overdraft line of credit.
  • Then we deduct that amount – the finance charge – from your 360 Checking balance.

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