Personal Banking

Ready Reserve Line of Credit

Access funds through a revolving line of credit up to a pre-approved amount.

  • Easy, immediate access to extra funds.
  • Helps prevent cost and embarrassment of overdrafts.
  • Convenient repayment options.

Use for: planned purchases or emergency spending when your account balance is short.

How it works:

  • Ready Reserve funds are automatically deposited into your checking account (in $300 increments, up to a predetermined amount) whenever checks, Visa Check Card transactions, or other charges exceed your balance.
  • Credit limits typically range from $500 to $5,000 (based on your income, financial obligations, and credit history).
  • Receive a notice by mail for each advance. All Ready Reserve transactions appear on your monthly account statement.
  • A minimum monthly payment (5 percent of the outstanding Ready Reserve balance, subject to a $25 minimum) is automatically deducted from your checking account the day after your statement cycle. (You may initiate additional payments by 24-Hour Telephone Banking, Internet Banking, or by phoning or coming into any Eastwood Bank office.)

Loan rates may vary based on amount, term, credit rating, and other variables. Please call, e-mail or visit the Eastwood office nearest you for more information.

Compare All Apply Online Visit Branch