Overdraft Protection

Money Reserve

The CB&T Money Reserve Account is a personal line of credit, which also affords automatic coverage for an occasional overdraft. It's the perfect partner for your California Bank & Trust checking account.

When you need funds for an unexpected expense, simply write a check, visit an ATM, or withdraw funds at any of our offices. Your withdrawal will be covered up to the unused portion of your credit limit. Then, repay the loan monthly by automatic charge to your checking account or pay in full at any branch.

The security of knowing you have funds in reserve is yours free! There is no charge for Money Reserve until you use it. Why be without it?

How It Works: Money Reserve is a line of credit linked to your checking account. We'll tell you your credit limit when your Money Reserve line of credit is approved and on your monthly checking account statement.

When you write a check for an amount larger than the balance in your checking account, funds from your Money Reserve will automatically be deposited to your checking account to cover the check. Transfers will be in $100 increments. These deposits will show on your monthly checking account statement and will be listed as advances from your credit line. You will also receive a notice whenever a Money Reserve advance occurs, and you should enter the amount advanced as a deposit in your checkbook register.

Your checking account statement will show a complete summary of Money Reserve activity, including advances, payments, interest charges and interest paid this year.

Loan Amounts:

• Up to $25,000; Minimum $500

Interest Rate:

• 19.80% (daily periodic rate .054%)

Terms:

• Minimum payment 5% of the outstanding balance or $25, whichever is greater. Any outstanding balance less than $25 is due and payable in full.
• Minimum payment is automatically deducted from the attached checking account.
• Payments cannot be made using a credit card.
• Activity included on monthly combined statement with linked checking account

Fees:

• $10 late payment fee

Contact your branch for details. Or apply by calling TeleLoan* at (800) 736-9319.

*Please have this information ready when you call TeleLoan:

• Social Security Number and date of birth (borrower and co-borrower)
• Home address and phone number/mailing address if different from home
• Previous address if at residence for less than 2 years
• Two-year employment history, plus employer(s) names/phone numbers
• Gross monthly income
• W-2 (1 year) and current pay stubs; if self-employed, last 2 years' tax returns
• Value of collateral (i.e. real estate, stock, savings account, etc.)
• Copies of real estate deed(s) or current loan statement(s)
• Name/phone number of nearest relative(s) not living with you