Checking Plus® (variable rate) line of credit
The protection you need, the flexibility you want.
A Checking Plus® line of credit account provides the overdraft protection you need to help protect you from bounced checks. If approved, you can also use this revolving line of credit whenever you need quick access to cash.
How It Works
The amount transferred is rounded up to the nearest $100, so you have extra protection if other overdrafts occur. You also can borrow funds from your Checking Plus® line of credit directly OR transfer funds from Checking Plus® to any linked account, such as your Citi checking, savings or a money market.
Don’t need the extra coverage? Just transfer funds from your checking account to pay back your Checking Plus® advance.
To qualify, you must have an annual income of at least $10,500 and fund an eligible Citibank deposit account with a balance of at least $1 within 21 days from the date of application
What You Get
A Checking Plus® line of credit automatically transfers funds from your credit line to your checking account to cover your overdraft. This helps protect you from bounced checks up to the amount of your available credit line!
If there’s an outstanding balance on your Checking Plus account, the minimum payment is automatically deducted each month from your linked checking account. It’s that easy.
- Rates as of 09/27/2024. Current variable Annual Percentage Rate (APR): 20.50%Return to footnote reference 1
- Checking Plus® (variable rate) line of credit cannot be linked to a checking account in the Access Account Package for overdraft protectionReturn to footnote reference 2
- A Checking Plus (variable rate) line of credit account will prevent a check from being returned unpaid only to the extent your line of credit is unused and available for this purpose.