|
|
 |
|
|
|
When you attach a Sovereign Easy Access LOC * to your Sovereign Checking account, funds are automatically transferred from your line of credit to your checking account to cover the amount overdrawn, up to the line of credit availability.
Apply Now for a Sovereign Easy Access LOC.
Features
- Convenient access to your line of credit
- Available in amounts ranging from $1,000 to $5,000
- No annual or transfer fees with qualifying checking accounts**
- Repayment options as low as $25, depending on your line balance
- Special checks for easy access to your line of credit
|
|
| * |
Applications for a Sovereign Easy Access Line of Credit Account ("Account") are subject to credit approval. A Sovereign Easy Access Line of Credit provides overdraft protection for a Sovereign checking or money market savings account ("Linked Account"). The fixed Annual Percentage Rate on the Account is 18%. Rates and other terms are accurate as of July 1, 2010, and are subject to change thereafter. You can access your Easy Access Line of Credit by special check, counter withdrawal, telephone transfer ($50 minimum), Online Banking, and ATM withdrawals from your Sovereign Debit Card. You can also advance funds via Online Banking, telephone transfer ($50 minimum), or automatic transfer when your Linked Account is overdrawn. Special checks are issued only at our discretion upon your request. |
|
| ** |
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 the fee will be $0, $25, or $50, depending on the type of Sovereign Bank deposit account you maintain, and may change if the type of deposit account is changed by you. An overdraft transfer fee of $12 will be charged for each transfer made from your Account to cover an overdraft in your Sovereign Linked Account. The annual and overdraft transfer fees will be waived (i.e., will equal $0) as long as you maintain a Sovereign Premier, Business Owner Premier, Premier Partnership, Team Member Private, or Team Member Checking Account or Premier Money Market Savings Account. An annual fee of $25 will be charged as long as you maintain a Sovereign Preferred or Preferred Partnership Checking Account or Preferred Money Market Savings Account. An annual fee of $50 will be charged if you do not maintain one of the deposit account types named above. [Notwithstanding the above, the annual fee will be waived (will equal $0) for the first year your Account is open.] |
|
|
|
|
|
Equal Housing Lender - Member FDIC
Printer-friendly format
