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What You Need to Know about Overdrafts & Overdraft Fees

An overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay it anyway. We can cover your overdrafts in two different ways:

• We have standard overdraft practices that come with our accounts.
• We also offer overdraft protection plans, such as a link to a savings account or an overdraft line of credit which may be less expensive than our standard overdraft practices.

What are the standard overdraft practices that come with my account?

We do authorize and pay overdrafts for the following types of transactions:

• Checks and other transactions made using your checking account number
• Automatic bill payments

We do not authorize and pay overdrafts for the following types of transactions unless you ask us to (see below):

• ATM transactions
• Everyday debit card transactions

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.

What fees will I be charged if Security Bank pays my overdraft?

Under our standard overdraft practices:

There is a $29 charge per item each time we pay an overdraft.

There is no limit on the total fees we can charge you for overdrawing your account.

What if I want Security Bank to authorize and pay overdrafts on my ATM and everyday debit card transactions?

If you want us to authorize and pay overdrafts on ATM and everyday debit card transactions, contact us or call us at 888.303.8298.

The amount of any overdraft, including fees that you owe us shall be due and payable within 30 days.