What is a Quick Draw line of credit?

A Quick Draw can be drawn on like any line of credit, but it can also serve as another source of overdraft protection. If there’s not enough money in your checking account to process a payment and your other sources of overdraft protection aren’t set up or are exhausted, Quick Draw kicks in. We’ll move enough money to cover the payment from your Quick Draw to your checking account. This prevents the payment from being rejected and saves you an overdraft fee.

Regardless of how you use what you’ve borrowed from your Quick Draw, you'll need to pay the money back plus interest, which begins to accrue immediately. The minimum payment is 3.42% of your monthly outstanding balance or $15, whichever is greater.

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