Banks that offer overdraft line of credit

As of May 15, 2020, we will no longer originate new Overdraft Lines of Credit to customers. However, any existing Overdraft Lines of Credit will remain open.

Instead of charging overdraft fees when your balance goes below $0.00, we offer the option of an Overdraft Line of Credit with 360 Checking. Depending on the limit you are offered and select, we will process your transactions on your 360 Checking Checking even if they will dip you below $0.00. We will only cover transactions that stay within the maximum amount of your Overdraft Line of Credit.

Instead of paying an overdraft fee, you’ll only pay interest on the amount you borrowed for the amount of time it’s outstanding (we’re talking pennies).

Here’s an example: A 360 Checking customer has $1,000 in his 360 Checking, and an Overdraft Line of Credit limit of $100. He buys a new laptop computer for $1,050 using his 360 Checking Card. This transaction will be processed using the $1,000 balance in his 360 Checking, and $50 from his Overdraft Line of Credit. His 360 Checking balance will now appear as -$50 on our website, which reflects the $50 credit used from his Overdraft. He will then pay interest on the $50 he borrowed.

Select Your Residential State

Skip to main summary

Phone number 1-877-362-9100

What You Get

A Checking Plus® line of credit automatically transfers funds from your credit line to your checking account to cover your overdraft. That means no more bounced checks!Footnote 3

If there's an outstanding balance on your Checking Plus account, the minimum payment is automatically deducted each month from your linked checking account. It's that easy.

How It Works

The amount transferred is rounded up to the nearest $100, so you have extra protection if other overdrafts occur. You also can borrow funds from your Checking Plus® line of credit directly OR transfer funds from Checking Plus® to any linked account, such as checking, savings or a money market.

Don't need the extra coverage? Just transfer funds from your checking account to pay back your Checking Plus® advance.

To qualify, you must have an annual income of at least $10,500. You must have and fund an eligible Citibank deposit account (e.g. checking, savings, CD, or money market) with at least $1 within 21 days from the date of application.Footnote 2

Phone number 1-877-362-9100

1. Rates as of 10/20/2022. Current variable Annual Percentage Rate (APR): 21.25%; 18.25% variable APR with the Citigold Account Package and the Citi Priority Account Package. If you are in default, your variable APR may increase by 2.00%. Return to footnote reference 1
2. Checking Plus® (variable rate) line of credit cannot be linked to a checking account in the Access Account Package for overdraft protection Return to footnote reference 2
3. A Checking Plus (variable rate) line of credit account will prevent a check from being returned unpaid only to the extent your line of credit is unused and available for this purpose. Return to footnote reference 3

You are viewing Rates and Terms & Conditions applicable to a state other than where you live. These Rates and Terms & Conditions may differ from those applicable to your state of residence and will not apply to new accounts you open online. When you open your new account online, Rates and Terms & Conditions will be determined by your state of residence.

Select Continue to proceed or choose Cancel to modify your selection.

Which banks let you overdraft the most?

Can you overdraft a credit line?

Which banks have overdraft facility?

How much will PNC bank let you overdraft?