Presidential Bank

Complete our online application for our Overdraft Line of Credit (available ONLY for personal checking accounts) or our application for Automatic Overdraft Transfer Authorization form.

With Overdraft Line of Credit you just write a check when you need money. Funds will be added to your account in multiples of $100, up to your established credit limit of $500 to $5,000. Monthly payments can be deducted from your checking account or you can pay off your full balance whenever you wish, with no prepayment penalty. Borrow only what you need, when you need it, at the disclosed Annual Percentage Rate. There are no fees for using Overdraft Line of Credit.

With Automatic Overdraft Transfer Authorization you can use your Savings, Checking or Money Market account(s) to protect your other Checking or Money Market account(s) from Insufficient Funds (NSF) or Overdraft situations. Authorize Presidential to transfer funds from your deposit account(s) to your checking or money market account(s) with insufficient funds. Transfers will be debited in account priority order in multiples of $100.00 until the overdraft is covered, providing funds are available in the selected account. There is only one fee of $5.00 per transfer, regardless of the amount required for the overdraft.