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 overdrafts on your account.
Once you decide which overdraft solution is best for you, simply login to Online Banking to make any changes.
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.
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 Transfer
Funds from your linked savings account will continue to transfer automatically to cover overdrafts when available, with no additional per-item fee.
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