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Products & Services: Tips to Avoid Overdraft Charges


Review Advance Interest Projections
To avoid overdraft charges, we recommend you review your Advance Monthly Billing Projections Statement on or before the last day of each month. The statement will provide a projection of the interest due on your total advance balance. Advance interest will be charged after the close of business on the last day of the month.

Review Stock Requirements
It is important to monitor your additional stock requirements if you have acquired a new advance. The additional stock requirement will be posted after the advance is funded and the business day has been closed. To monitor your stock requirements, click on Capital Stock and review the Excess/Deficiency line under the total stock requirement section the day after you have taken an advance.

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