Overdraft Protection

Sometimes you may find yourself needing short term credit to cover a few debts until your next deposit comes in. Overdraft protection gives you that financial breathing room and also acts as a simple way to protect your credit rating. It is a revolving line of credit attached to your Bayview Chequing account, allowing your account to be overdrawn up to your approved limit.

Interest is charged when overdraft is used and is calculated on the amount used. The calculation is based on daily usage and charged at the end of each month. Also, a $3 monthly overdraft fee is applied each month that the Overdraft is utilized. 


  • 21% fixed interest rate
  • Credit life, disability and Critical Illness insurance available.

All loans subject to credit approval and normal credit guidelines.

If you would like to meet with one of our specialists book an appointment by email or call a branch to book your appointment.