A Ready Reserve account is a line of credit tied to your checking account that is activated when your account balance goes below zero. It is there to protect against overdrafts and offers you peace of mind in case of emergencies when you need cash. When you need an advance, an amount rounded up to the nearest $100 increment is deposited into your checking account to maintain a positive balance.
Important Information About Procedures for Opening a New Account.
To help the government fight the funding of terrorism and money laundering activities, Federal Law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we may ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.