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What is an ODP (Overdraft Protection) fee?

Overdraft Protection fee

An Overdraft Protection (ODP) fee is charged if you have Overdraft Protection on your chequing account:

  • Monthly Plan Overdraft Protection: $4 per month
  • Pay-As-You-Go Overdraft Protection: $5 per transaction to a maximum of $5 per day.

The interest rate charged on both types of Overdraft Protection is 21%.

>> Apply to Add Overdraft Protection to your chequing account now

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