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?

protect your money icon

Overdraft Protection

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

avoid overdraft fees

Avoid Overdraft Fees

Avoiding unexpected overdraft fees.

green extra money icon

Extra Money

Access to emergency cash when the need arises.

Useful Links and Documents

May We Also Suggest?

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 Back® 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 16.49% to 25.49% based on the Prime Rate and your creditworthiness. 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. Balance Transfers cannot be used to pay off another Santander credit card, Santander loan or line, or another institution’s loan balances or card balances if they do not accept our electronic payments. Variable APR for purchases from 16.49% to 25.49% based on the Prime Rate and your creditworthiness when you open your account. Cash advance APR of 26.99%. Minimum finance charge of $1.50. Penalty APR of 31.99%, and loss of any introductory or promotional rate, if any, which may apply indefinitely to your account if you miss or make a late payment or otherwise default. There are no Annual, Balance Transfer, Cash Advance, Foreign Transaction, or Returned Payment fees. Finance charges still apply. Each time we do not receive the Minimum Payment Due in full by the Payment Due Date, we will charge you a Late Fee of $25 for the first late fee in a 6-month period and a $35 fee for each late payment until there are 6 consecutive months with no late payments. However, we will never charge a Late Payment Fee exceeding the Minimum Payment Due that is late. Rates effective as of . Rates are subject to change. 1.5% Cash back is earned on new net retail purchases (qualifying purchases less credits, returns, and adjustments) and can be redeemed for statement credit, gift cards, electronic certificates, or merchandise. Cash back cannot be earned on balance transfers, cash advances, purchases of money orders and other cash equivalents, purchases made by or for a business purpose, fees, interest charges, unauthorized / fraudulent transactions, and certain other charges. Cash back balance does not expire for accounts in good standing. 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, provided the account is in good standing. This credit can take up to 6 weeks to be processed. Other terms and conditions apply. Credit card accounts are subject to approval.

app storegoogle play