Overdraft Defense
A keen overdraft takes place when the balance in your chequing membership was perhaps not enough to safeguards the latest costs levied with the membership. In lieu of decline the fresh new charges, overdraft protection charge your a payment for the newest membership become during the a terrible equilibrium. Pro-tip: there’s absolutely no month-to-month Overdraft Security fee towards the Scotiabank Greatest Package.
Biggest Bundle Customers just who include Overdraft Protection on the membership will get the latest Overdraft Defense percentage(s) automatically waived. Attention will stay are payable into overdrawn balances determined daily in the 21% (yearly) and you may recharged month-to-month. The newest account need to have an optimistic equilibrium at least once the 1 month. A great $5.00 dealing with commission would-be energized for each and every items that’s paid off because the account was overdrawn more new registered restrict.
