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An overdraft line of credit (OLOC) provides a dependable way to protect your checking account from unexpected shortfalls. Linked directly to your First National Bank of Absecon checking account, this revolving line of credit automatically covers transactions that exceed your available balance.
This helps you avoid returned checks, declined transactions, and the inconvenience of insufficient funds. Unlike traditional overdraft services that charge a fee per item, an overdraft line of credit allows you to borrow only what you need and pay interest on the outstanding balance.
With automatic access to funds and a structured repayment plan, an overdraft line of credit offers a practical and cost-effective way to manage short-term cash flow needs.
An overdraft line of credit is designed to provide automatic coverage when your account balance is insufficient:
When your checking account balance falls below zero, funds are transferred from your line of credit in increments of $100 to cover transactions
As payments are made, available credit is replenished for future use
Interest accrues on the outstanding balance, and monthly payments are automatically deducted from your FNBA checking account
An application and credit review are required. Minimum line of credit amount is $500
A late fee may apply if a payment is more than 15 days past due, subject to approval.
An overdraft line of credit provides flexibility and protection for your day-to-day banking:
Avoid per-item overdraft or insufficient fund fees and instead pay interest only on the amount borrowed
No action is required—coverage is applied automatically when needed
Helps bridge timing gaps when waiting for deposits or incoming funds
Prevents returned checks, declined transactions, and missed payments
All credit decisions are made locally, right here in South Jersey. Our team works with you to provide clear guidance and a straightforward experience from application through repayment.
Feature | Detail |
Product Type | Revolving Line of Credit linked to checking account |
Use | Overdraft protection for checking account transactions |
Minimum Line Amount | $500 |
Advance Increments | $100 increments |
Repayment Terms | Monthly payments automatically deducted from FNBA checking account |
Interest | Charged on outstanding balance only |
Fees | Late fee may apply if payment exceeds 15 days past due |
Approval | Subject to credit approval and underwriting standards |
Purpose | Prevent declined transactions, returned checks, and overdraft fees |
Visit any FNBA branch to speak with a branch manager. We’ll review your options, explain how the line of credit works, and guide you through the application process.
Fill out the form, and a member of our team will reach out soon.
