Get Access to Funds When You Need It With
TheBANK of Edwardsville is making it easier than ever for
customers to get the funds they need, when they need it,
with its new AccessPlus line of credit.
AccessPlus is a variable rate personal line of credit
that can be either a secured or unsecured line. And since
it’s a convenient line of credit, you can use it however you
choose. It’s convenient for purchases, emergencies or
unexpected expenses. When the need arises, simply write a
check or make an online transfer in any amount up to your
predetermined credit limit and an advance will be made in
the exact amount of your check or transfer.
There are no restrictions on how quickly you can use your
AccessPlus line – the money will be available when you need
it – and there is no penalty for early repayment. What’s
more, interest rates on an AccessPlus line of credit may be
far below what you pay on a charge account or credit card.
AccessPlus credit lines vary. Lines begin at $3,000, but if
you qualify, higher amounts are available. It can be a great
alternative to using credit cards. Interest is only charged
when you use your line of credit and stops when you repay
Whenever you borrow against your AccessPlus line, you
will need to make a monthly payment. Your minimum payment
will be the amount of interest accrued on your outstanding
balance each month – or $15 – whichever is greater. It
should be noted that since your minimum payment may not
reduce your principal balance, if you terminate your line of
credit, the accrued interest to date, the full principal
balance and any late fees may be owed.
To help you keep track of your AccessPlus account, you
will receive a monthly statement detailing any prior month’s
activity. The statement will indicate the amount you borrow,
your available credit line, minimum monthly payment and the
date the payment is due.
To apply for a line of credit, visit any of TheBANK’s
convenient banking centers or call the Customer Service
Center at 618-656-0098.