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Overdraft Protection
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Overdraft Protection:

Ca$h Line

A CA$H LINE can be linked to your checking account to protect you from that occasional overdraft. This account is an unsecured loan made to you, and is subject to bank underwriting before credit can be extended.

  • No Application or Annual fee
  • Amounts from $500 to $2,000
  • $2.00 daily transfer fee
  • Accessed in increments of $10.00
  • Repayment – 1.50% of the outstanding principal, plus interest – with a $25.00
    minimum payment, or the outstanding balance, whichever is less
  • All signers must be 18 or over to have a CA$H Line Account

Reserve Savings

You may want to consider this option if:
You have one of Marblehead Bank’s checking accounts and want to cover that occasional overdraft by transferring from your other accounts.

  • No minimum balance
  • No monthly fee
  • Earns a variable rate of interest, compounded and credited monthly
  • Transfers to your checking account to cover any occasional overdrafts, up
    to the balance on deposit in your Reserve Savings Account
  • 6 transfers per monthly statement period are allowed
  • $10 minimum to open
  • $5.00 per transfer fee
 
 
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