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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
Please note that the answers to the questions are for information purposes only for the products discussed. Individual circumstances may vary. In case of discrepancy, the documentation prevails.