Add a layer of protection to your finances with an Overdraft Credit Line from Santander Bank.

Overdraft Line of Credit

Even when you plan ahead, checking overdrafts can happen. That’s why you want a bank that offers overdraft protection. With an Overdraft Line of Credit from Santander Bank, you have an extra layer of financial security and convenient access to money when you need it1. If your account becomes unexpectedly overdrawn, your Overdraft Line of Credit automatically covers your debits, purchases and checks up to your available credit limit. And you can easily transfer money from your line directly into your checking account, anytime you need emergency cash1. Enjoy convenient access to an extra layer of protection with Santander Banks’s Overdraft Line of Credit.

Overdraft Protection Line of Credit Features

  • Credit lines of up to $10,000.
  • Speedy access to emergency cash when you need it.
  • No annual fee for Santander Select, Premier or Premier Plus deposit accounts1.
  • Access your line by using a special check or by transferring money via Online Banking.

What Can an Overdraft Line of Credit Be Used For?

Overdraft Protection

Covering debits, purchases and checks when your checking balance isn't sufficient.

avoid overdraft fees

Avoid Overdraft Fees

Avoiding unexpected overdraft fees.

Extra Money

Access to emergency cash when the need arises.

Useful Links and Documents

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1 Applications for a Santander Overdraft Line of Credit Account ("Account") are subject to credit approval. The Account provides overdraft protection for a Santander checking or money market savings account ("Linked Account"). The fixed Annual Percentage Rate on the Account is 18.99%. Rates and other terms are accurate as of 03/01/2016 and are subject to change thereafter. You can access your Account by special check (issued at our discretion on your request), counter withdrawal, telephone transfer ($50 minimum), Online Banking and ATM withdrawals using your Santander Debit Card. You can also advance funds via automatic transfer when your Linked Account is overdrawn. One overdraft transfer fee ("Sweep Fee") will be charged to your Linked Account for each day we make a transfer from your Account to cover that day's overdrafts in your Linked Account. Please see your fee schedule for details. An annual fee, if any, will be charged beginning in the first billing cycle after your Account is opened and in about the same billing cycle of each following year. The amount of any annual fee will vary based on the type of deposit account you have with Santander at the time the fee is assessed. The annual fee will be waived as long as you maintain a Santander Select, Premier or Premier Plus deposit account. The annual fee will be $25 as long as you maintain a Santander Preferred account. In all other cases the annual fee will be $50.
 

In addition to, or as an alternative to an Overdraft Line of Credit Account, you can link your Santander checking account to a Santander savings account for overdraft protection. Ask us about any other overdraft protection options that may be available. You can withdraw funds from your Savings account no more than six (6) times by computer, telephone, preauthorized or automatic transfer, check, or Debit Card purchase each service fee period. Fees apply if you exceed these limits, and if you repeatedly exceed these limits, we will close your account or convert your account to a checking account.

2 You must have a sufficient balance available in your linked account(s) to cover all overdrafts for that day.

▲▲▲ Santander® Ultimate Cash BackSM Annual Percentage Rates (APRs) and Fees: 3% introductory Annual Percentage Rate (APR) for 12 billing cycles on balance transfers made within 90 days of opening your account. After the introductory period, a variable APR for balance transfers from 15.49% to 24.49% based on the Prime Rate and your creditworthiness, with a transaction fee for each balance transfer of $0. There is no grace period on balance transfers. Also if you take a balance transfer offer, this means that unless your purchase APR is at an introductory or promotional 0% APR, you will pay interest on new purchases from the date made if you do not pay all balances, including the promotional balance transfer, in full by the next payment due date appearing on your statement. Variable APR for purchases from 15.49% to 24.49% based on your creditworthiness when you open your account. Cash advance APR of 25.99%. Minimum finance charge of $1.50. Penalty APR of 30.99%, which may apply indefinitely to your account if you miss payments or otherwise default. There is no annual fee. Rates effective as of 12/01/2017. Rates are subject to change. Late payment fee and finance charges will still apply. 1.5% cash back via statement credit, gift cards or merchandise on net new retail purchases with no limits on how much you can earn. Earn $100 cash back via statement credit after you spend $500 on net new retail purchases within the first 90 days of opening your account. This credit can take up to 6 weeks to be processed. Late payment fee and finance charges will still apply. Credit card accounts are subject to approval.

* Bonus Offer Details: Accounts must be in good standing. Applies to net new retail purchases only. Net new retail purchases: qualifying purchases less credits, returns, and adjustments. Balance Transfers, Cash Advances, including purchases of money orders or other cash equivalents, purchases made by or for a business purpose, fees, interest charges, unauthorized/fraudulent transactions, and certain other charges do not earn cash back credit. The cash back balance on your account does not expire for accounts in good standing. Cash Back in the form of statement credit upon your request. Receive the $100 cash back bonus via statement credit: When you spend $500 on net new retail purchases using the Santander® Ultimate Cash BackSM credit card, or when you spend $1,000 on net new retail purchases using the Bravo credit card, within the first 90 days of opening your account. $100 cash back is credited to customer account within 6 weeks after spending requirements are met. Other terms and conditions apply.

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