Lines of Credit

You've always been told to have something in case of a rainy day...

Need to pay for something, but don't have enough money in your checking account?
Get money when you need it at an interest rate you can afford with our Overdraft Line of Credit - it's also a great form of overdraft protection.

A Pacific Trust Bank personal checking account is required to obtain an Overdraft Line of Credit. Credit limits of $500 to $10,000 are available, based on your credit score.

Our Overdraft Line of Credit costs you nothing until you use it, just the interest on your outstanding loan balance -- and there are no overdraft transfer fees, so it's perfect for your checking account overdraft protection.

Compared to credit card account and other banks' loan programs, our Overdraft Line of Credit has lower interest rates and lower monthly payments.

Our Overdraft Line of Credit has a variable interest rate that adjusts monthly to the major bank Prime Rate plus a Margin of 5%.* 

The current interest rate (Annual Percentage Rate, or A.P.R.) for September 2010 is 8.25%, based on the 3.25% Prime Rate in effect on 8/1/2010.

Your interest rate could go even lower. The Prime rate index value on the 1st day of each month is used to set the following month's Overdraft Line of Credit loan rate.

Unlike many other bank's variable-rate loan programs, there is no interest rate floor - if Prime drops, your loan rate will follow down as well. Of course your rate could go up if Prime increases. The maximum life-of-loan interest rate is 18.0%.

The minimum monthly payment for this loan program is just 1.50% of the current outstanding loan balance, or $25.00, whichever is greater. It does not fluctuate with changes in the interest rate.

For example, with a $5,000 credit limit and $2,000 outstanding balance, our Overdraft Line of Credit minimum payment would be just $30.00! You'll get a statement reflecting each month's minimum payment.

Apply Now

Even if you don't plan on using the funds right away, now is the time to apply for your Overdraft Line of Credit. Then the funds will be immediately available, up to your credit limit, when you need it, whatever the reason.

You can access your Overdraft Line of Credit with HomeAccess Online Banking, Touch-Tone Teller, in our branch offices, or by overdraft from your checking account with your MasterMoney debit card or by writing a check.

Do you have an older line of credit and want to switch to our new terms? For borrowers with loans in good standing, we'll be happy to change your loan's terms to our Overdraft Line of Credit. You can even ask us for an increase to your loan's credit limit.

It's easy to apply for an Overdraft Line of Credit. Loan applications are available on the Internet, at our branch offices or by calling us at (877) 441-BANK.

* The 5% Margin applies to borrowers with satisfactory credit. Not all borrowers will qualify for this loan program or requested credit limits. Other terms may also be offered, and are subject to change without notice.

Call us toll free at (877) 441-BANK or visit us to apply or receive more information, or you can .