Checking Reserve

Your Bridge Over Financial Uncertainties

• Annual Percentage Rate (APR): 15.00%
• Maximum line limit is: $3,000
• Rate Current as of 1/2/2024

Navigate Life’s Unexpected Moments with Confidence

Life is full of surprises, and while not all of them are welcome, your financial planning can be ready to embrace them. Our Checking Reserve is designed to offer you peace of mind, acting as a financial safety net for those unpredictable moments. Whether it’s an unforeseen expense or a short-term financial need, your Checking Reserve ensures that you’re always prepared.

Automatic Coverage, Tailored to Your Needs

Qualifying for Checking Reserve unlocks automatic protection for your checking account. Should you ever dip below your balance, your cash reserve promptly steps in, covering overdrafts in $100 increments. This happens seamlessly, up to the limit of your assigned credit line, ensuring your transactions proceed without interruption.

Only Pay for What You Need, When You Need It

The true value of Checking Reserve lies in its flexibility; you incur interest only on the actual amount borrowed and for the duration it’s borrowed. This means you have the freedom to utilize your reserve as needed without the burden of ongoing fees, offering a cost-effective solution to manage your finances effectively.

Empower Your Banking Experience

Checking Reserve is more than just a financial service; it’s a commitment to your peace of mind. It ensures that you’re always prepared, giving you the confidence to face life’s financial surprises without hesitation.

Embrace the security and convenience of Checking Reserve, and make it an integral part of your financial planning strategy. With Franklin Savings Bank, you’re not just managing your money; you’re ensuring a smoother financial journey, every step of the way.

Checking Reserve Line of Credit Loans **Important Clarification of Terms**

Each month in your Hometown Checking, Legacy Checking or Money Market account statement, we
will include a statement detailing the activity, if any, of your Checking Reserve. This includes your current
payment due, any finance charges, and the remaining credit available in your account. You may pay all
or part of the unpaid principal balance at any time to reduce interest costs. Each month a payment will be
automatically deducted from your Hometown Checking, Legacy Checking or Money Market account in
an amount equal to 2% of your outstanding balance, but at least $50.00.

Annual Percentage Rate – You will be charged 15.00% interest beginning on the transaction date.


The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract); because all or part of the applicant’s income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The federal agency that administers compliance with this law concerning this creditor is the Federal Reserve Consumer Help Center, P.O. Box 1200, Minneapolis, MN 55480.

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