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How a Personal Line of Credit Can Protect and Enhance your Checking Account

Midcoast understands that life can throw unexpected turns. Attaching a Personal Line of Credit to your checking account can help you navigate and support those turns! There's no annual fee, and you can apply online in just a few minutes.  

Linking your checking account to a Personal Line of Credit (PLOC) provides a seamless borrowing option to cover transactions. Use it for protection from overdrafts, or to enhance financial flexibility on large purchases.

Checking Account protections

Protect:

Whether you’ve incurred an unexpected medical expense, car repair, or invoice, Midcoast offers protection to keep your checking account covered!

An injury to your child at an out of state tournament

Unexpectedly, your child is injured at a tournament out of state, and they require cash payment at the urgent care.

A necessary car part purchase and repair

The $600 in your emergency fund doesn’t cover the additional cost of labor for your car’s exhaust repair.

A larger than expected number of bills become due at the same time

You underestimated your monthly bills and have found yourself a little short of cash.

When attached to your checking account, any additional funds needed to complete a purchase will automatically transfer from your PLOC to your checking account to cover the added expenses. Seamlessly, with no transfer or overdraft fees.

Enhance:

Whether you’ve decided to add the “extras”, treat yourself to a stress-free travel day, or you’ve found an additional piece to your furniture set that you must have, PLOC offers convenience to keep your checking account covered!

The new laptop for school should probably have additional memory

Budgeted $600 for that computer, but didn’t account for the $200 in extras.

An exciting upgrade to your Airline ticket home becomes available

Deciding to upgrade your flight home last minute to “non-stop” for an additional $300.

Finding a great deal on an unexpected large purchase

See the couch of your dreams, and don’t have the $400 for the matching ottoman?

When attached to your checking account, any additional funds needed to complete a purchase will automatically transfer from your PLOC to your checking account to cover the added expenses. Seamlessly, with no transfer or overdraft fees.

APPLY NOW for your Personal Line of Credit

A Personal Line of Credit is a smart solution when you need extra money in a hurry. When connected to your checking account, PLOC will automatically cover the unexpected overage. You can also easily transfer the funds over from your PLOC via digital banking. It takes just minutes to apply!

Your Personal Line of Credit Features:

  • Competitive Rates
  • Flexibility. Access funds as needed.
  • Draw as little as $100.00¹ (can be linked as an overdraft protection option to your account.)
  • Easy online application
  • View additional information & fee disclosure
View Rates
APPLY NOW Online
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Don’t have a Checking Account?

Get simple, straightforward checking tailored to your financial needs. We offer checking account options with no hidden fees, no minimums, fee-free access to your funds nationwide, a sizable ATM network, advanced Digital Banking tools, and advanced card conveniences.

Explore our checking account options at Midcoast FCU and open an account online today!

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