Overdraft Protection

Short-term, revolving credit for amounts less than $5,000 attached to your chequing account means no more embarrassing NSF cheques or funds not available I-want-to-crawl-under-a-rock moments.

In a nutshell

  • Credit limit minimum is $500 and maximum is $4,999.99;
  • Monthly fee applies only when you’ve used your overdraft protection that month;
  • Interest-only payment is a requirement;
  • Closing daily balances are used to determine if the overdraft protection fee and interest apply;
  • The overdraft protection fee is in addition to interest, and is charged at month end;
  • You will not be charged any fees or interest if you do not use the overdraft protection;
  • Life and disability insurance is available.


See Account Options for all Prospera accounts.
See Prospera Overdraft Protection Rates.


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