A Loan For Anything
Enjoy the freedom that comes from a Red Canoe Personal Line of Credit. Think of it as a loan that’s ready to be used in the future, whenever you need it.
You’ll enjoy 24/7 access to your line of credit by simply making a quick transfer in Online or Mobile Banking directly to your checking account. It’s really that simple.
Add Bounce Protection
Personal Lines of Credit can also serve as overdraft protection for your Red Canoe checking account – adding a little extra reassurance to your busy day. If you accidentally spend more than you have on deposit, your line of credit will transfer automatically to cover the transaction – avoiding costly overdraft fees*.
*Interest will accrue on Line of Credit funds at the time of withdrawal. The loan can be paid off at any time without additional fees or penalties, and in most cases, the interest accrued would be far less than an overdraft fee.