Cash Reserve Checking (Overdraft Protection)

Subject to credit approval, Cash Reserve offers overdraft protection to avoid returned checks and Insufficient Fund/Overdraft Fees. It is a credit line attached to a Wallis State Bank checking account, available for use when needed. The checking account will be funded, from Cash Reserve, in minimum increments of $250.00, or up to maximum amount of credit available, with a transfer fee of $5.00 per transfer. Payments of 5% of the outstanding balance are automatically deducted monthly from the checking account.