Introducing: Secure Overdraft Solutions (SOS)

As part of our upcoming system enhancement on December 8, 2025, Southeast Financial Credit Union will be introducing Secure Overdraft Solutions (SOS), a new, simplified program designed to provide greater clarity, transparency, and control when managing overdrafts. These updates are part of our ongoing effort to enhance your membership as we work toward Destination: An Upgraded Member Experience.

 

What’s Changing

Beginning December 8, our overdraft protection programs will transition as follows:

Overdraft Privilege → Secure Overdraft Solutions (SOS)

This automatic coverage allows Southeast Financial, at our discretion, to pay checks, ACH items, and recurring debit transactions that would otherwise exceed the balance of your account.

Overdraft Advantage → Secure Overdraft Solutions Plus (SOS Plus) 


With your opt-in, SOS Plus extends this same discretionary coverage to include everyday debit card and ATM transactions, helping you avoid declined purchases at the point of sale.

Linked Savings Transfers

Funds from your linked savings account will continue to transfer automatically to cover overdrafts when available, with no additional per-item fee.

 

If you are currently enrolled in any Overdraft Services, your selection will automatically continue under the new Secure Overdraft Solutions structure and will be bound by the updated program guidelines outlined below. No action is required unless you wish to make changes to your coverage preferences.

 

Updated Program Guidelines for Secure Overdraft Solutions (SOS and SOS Plus)

  • Share account must be open for at least 60 days

  • At least $500 in total deposits within the last 30 days

  • No loan is delinquent for more than 30 days

  • Standard coverage limit: $250

  • No fee for overdraft transactions of $10.00 or less

  • Fee per paid overdraft: $29 per item

  • Maximum of three fees per day

  • Account must be brought back to a positive balance at least once every 30 days.

 

What’s Not Changing

  • If you have a linked line of credit, it will continue to cover overdrafts up to your available limit with no per-item fee (interest charges apply).

  • You will still be able to manage or update your overdraft preferences directly in online and mobile banking.

 

Thank you for being a valued member of Southeast Financial Credit Union. We appreciate your continued trust as we deliver an upgraded, more intuitive banking experience built around you.

Elizabeth Brown