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Overdraft Protection

Add overdraft protection to your Alterna chequing account

Enjoy the peace of mind of knowing you’ll have access to extra funds when you need them. No longer worry about your account becoming overdrawn if you accidentally don’t have enough money in your account to clear outstanding cheques, pre-authorized debits and debit card transactions. Your overdraft protection will automatically come into effect to cover any shortfall up to your approved overdraft limit.

Overdraft Protection Plans

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Overdraft Protection Monthly Plan


Enjoy peace of mind with automatic overdraft coverage that helps you avoid declined transactions and unexpected fees.

How it works:

One simple monthly fee covers all your overdraft use.

Highlights:

    • Low monthly fee of $5.00
    • Annual interest rate of 19.99%
    • Credit limits ranging from $500 to $5,0002**


Get peace of mind – activate overdraft protection now

Apply Online NowBook an Appointment
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Overdraft Protection Pay-Per-Use1


Stay covered with automatic overdraft protection – keep your payments flowing and avoid unexpected extra fees.

How it works:

Only pay when an overdraft is used or increased. No fee if you don’t use it. 

Highlights:

    • $5.00 fee each day, per use
    • Annual interest of 19.99%
    • Credit limits ranging from $500 to $5,0002**


Get peace of mind – activate overdraft protection now

Apply Online NowBook an Appointment

Ways to Bank

Interac e-Transfer®

Interac e-Transfer®

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Online Banking

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How can we help?

Get Started

Get Started

Book an Appointment

Book an Appointment

Call Us 1.877.560.0100

Call Us 1.877.560.0100

**Application is subject to credit approval

1This fee option is not available to residents of Quebec

2Applications via digital banking have a maximum limit of $1,500.

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