Overdraft Protection

The Waterford Commercial & Savings Bank offers overdraft protection options for your checking account that put an end to overdraft complications and charges.


Credit Reserve Plan

Our credit reserve plan is designed to eliminate headaches and the drain on your account.

How does it work?

  • We apply a line of credit, advanced in $100 increments, to your checking account.
  • Annual Percentage Rate is 18%.
  • You can pay off the entire line each month, or make small minimum payments.
  • Minimum payment will be 5% of your loan balance of $25.00, whichever is greater.
  • An annual fee of just $25.00 applies, this is less than the cost of bouncing one check.
  • Simply stop by or call to apply.

Automatic Funds Transfer

If you have a savings account or additional checking account at The Waterford Commercial & Savings Bank , you can set-up an automatic funds transfer to prevent overdrafts.

How does it work?

  • You specify the account you would like tied to your checking account.
  • Funds will automatically be transferred from the specified account to your checking account in $5.00 increments to cover overdrafts.
  • Each time a transfer occurs, your account will be charged just $5.00, rather than a $30.00 overdraft fee.