Innovation Overdraft
Overdraft
Get approved for a safety net that automatically covers you for an approved amount to cover unexpected expenses.
- Interest Rate: 15% to 20%
- Interest calculated daily on closing balance
- Payment Options: Flexible
- Additional Payments: Unlimited
- Interest Charged: On what you spend
- Fees: $10/year if overdraft is less than $500 and $25/year if over $500
- Access to Funds: full access to approved credit limit
- Rewards: Earns quarterly Member Rewards
For full details, please see our account and fee information document (pdf).
*if you add an overdraft to your No-Fee Chequing Account, you will pay interest charges on the amount of overdraft you use.
