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The Gateway Edge Overdraft is a bank account with an overdraft facility built in. It provides all the features of a regular bank account, but with the ability to access up to in credit when you need it. You can access funds in your account as well as the overdraft via a Visa Eco Debit Card. While there are no monthly account keeping fees, you’ll have to pay a minimum of 3% the outstanding balance per month. Interest charges also apply, starting from
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This savings account with an optional overdraft facility works by not only giving you easy access to your own money but also a convenient credit line. You will only pay interest on your overdraft balance, which attracts a variable rate, currently Your savings balance earns a competitive rate of 0.1% p.a. for balances over $1,000. How you use the money from your overdraft limit is entirely up to you. This account does not charge any account-keeping fees and you can also benefit through a debit card fee waiver.
Gateway Bank also offers standard personal loans and other savings accounts without overdraft facilities.
If you're considering opening a Gateway Edge Account and Overdraft, take some time to go through the following:
If you choose to get the optional overdraft facility with Gateway's Edge account, here's what you'll have to pay:
You can get your application started by clicking on the "Go to Site" button. Before you do, make sure you meet the following eligibility criteria:
Applying requires that you provide different types of information, which includes the following:
This account can be a good to use if you require occasional access to credit, but since there are other similar products, make sure you compare your options before applying.