Overdraft Protection Solutions

Get to know your options & the costs and benefits of each one

Even a minor miscalculation can leave you short on funds in your account. Our overdraft protection solutions can help to cover transactions that exceed your account balance. Everyone's needs are different, and we think you should be able to choose how your account works in an overdraft situation. Understanding your overdraft protection options can help prevent the cost, embarrassment, and inconvenience caused by accidental overdraft on your account.

Overdraft Protection versus Overdraft Advantage

Overdraft Protection Transfer

Overdraft Protection Transfer linking is a standard feature of every Southeast Financial checking account. When the funds in your checking account are insufficient to cover ACH or check transactions, funds from your savings account (if available) are automatically transferred into your checking account to cover the overage. There is a per-transfer fee for this automatic Overdraft Protection Transfer service. Please refer to the current Schedule of Products and Fees for more information.

Overdraft Privilege

Overdraft Privilege comes standard with every checking account. At our discretion, we may approve and pay checks, ACH items, and recurring debit transactions (often used for automatic subscription payments, dues, etc.) that will overdraw your account and charge you an overdraft fee. Unless you use the service, there is no charge for having this privilege. If you never overdraw your account, you'll never be charged an overdraft fee.

You can remove this protection from your account entirely at any time. If you'd like to cancel your Overdraft Privilege coverage, complete and sign the opt-out section of the Overdraft Privilege Disclosure, and return it to your local branch or by mail to the address provided on the form. If you choose to cancel your Overdraft Privilege coverage and checks or ACH items are presented that exceed the available balance in your account, they will be returned to the payee and you will be assessed a fee as outlined in our Schedule of Products & Fees. Additionally, fees may be charged by the merchant.

Overdraft Advantage

Overdraft Advantage is an added layer of protection you can choose that extends your overdraft protection to include ATM and everyday Debit Card transactions. Like standard Overdraft Privilege coverage, there is no charge for having this service if you never overdraw your account. However, it's important to know that this coverage is not automatic. If you'd like to extend your overdraft protection to include ATM and everyday Debit Card transactions, primary accountholders can opt-in through Online Banking under the "Additional Services" tab. Joint owners can call or visit any branch to opt-in.

Extended coverage is not required. If you've opted-in to Overdraft Advantage, you can opt-out by logging back in to the opt-in page and changing your selection. If you choose not to add Overdraft Advantage coverage, or if you opt-out after opting in, your Debit Card will be declined when purchases exceed the available funds in your account.


We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction. If we do not authorize and pay an overdraft, your transaction will be declined. Please refer to the Disclosure Manual for information regarding item processing order, and the Schedule of Products and Fees for information on associated fees that may be incurred.