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OVERDRAFT COVERAGE OPTIONS:

OVERDRAFT PRIVILEGE AND OVERDRAFT PROTECTION

Life happens! Southeastern Credit Union understands that unexpected overdrafts occur from time to time – Overdraft Coverage can help.

Overdraft Coverage Options
The choice is yours. Consider these ways to cover overdrafts:

Service Cost
Overdraft Protection Link to Another Deposit Account you have at Southeastern Credit Union1 $3.00 fee per transfer
Overdraft Protection Line of Credit1, 2 Subject to interest
Overdraft Privilege $29.00 Overdraft Privilege Fee per item

1Call us at (229) 244-2732 or (800) 228-9839, or come by a branch to sign up or apply for these services; 2Subject to credit approval.

Overdraft Protection services apply to all transactions and may help prevent overdrafts by automatically transferring funds to your checking account from another account or line of credit you may have at Southeastern Credit Union for a fee or finance charge. Please note that overdraft lines of credit are subject to credit approval.

Overdraft Privilege allows you to overdraw your account up to the disclosed limit for a fee in order to pay a transaction. Even if you have overdraft protection, Overdraft Privilege is still available as secondary coverage if the other protection source is exhausted.

Transactions Covered with Overdraft Privilege Standard Coverage (No action required) Extended Coverage (Your consent required)* If you would like to select Extended Coverage for future transactions:
• call us at (229) 244-2732 or
(800) 228-9839
• complete the online consent form found here
• visit any branch
Checks X X
ACH - Automatic Debits X X
Recurring Debit Card Payments X X
Online Bill Pay Items X X
Online Banking Transfers X X
Telephone Banking X X
Teller Window Transactions X X
ATM Withdrawals   X*
Everyday Debit Card Transactions   X*

* If you choose Extended Coverage, ATM withdrawals and everyday debit card transactions will be included with the transactions listed under Standard Coverage. If you already have Extended Overdraft Privilege coverage, it is not necessary to request it again. Business accounts automatically have Extended Coverage.

You can discontinue the Overdraft Privilege in its entirety by contacting us at (229) 244-2732 or (800) 228-9839.

Extend Coverage now by completing the form here »

What Else You Should Know
 ★ We generally post items in the following order: 1) credits, 2) ATM and debit card transactions (in the order      
    received), 3) ACH debits (low to high by dollar amount), 4) checks (low to high by dollar amount); however,
    exceptions will occur. Holds on funds (described below) and the order in which transactions are posted may
    impact the total amount of Overdraft Privilege Fees or Return Fees assessed.
★ A single larger overdraft will result in just one fee, as opposed to multiple smaller overdrafts.
★ Although under payment system rules, Southeastern Credit Union may be obligated to pay some unauthorized
    debit card transactions, Southeastern Credit Union will not authorize debit card or ATM transactions unless
    there are sufficient available funds (including overdraft coverage options) to cover the transactions and the
    amount of any fee(s).
★ Giving us your consent on your consumer account to pay everyday debit card and ATM overdrafts may result
     in you incurring Overdraft Privilege Fees for transactions that we would otherwise be required to pay without
    assessing an Overdraft Privilege Fee. However, this may allow us to authorize transactions up to the amount
    of your Overdraft Privilege limit and may also help you avoid overdrafts in excess of your available funds that
    could result in suspension of your debit card.  If you consent to Extended Coverage on your consumer
    account, it will remain on your account until you otherwise withdraw it.
★ Southeastern Credit Union authorizes and pays transactions using the available balance in your account.
    Southeastern Credit Union may place a hold on deposited funds in accordance with our Deposit Account
    Agreement and Disclosure, which will reduce the amount in your available balance. The available balance for
    checks, ACH items, and recurring debit card transactions is comprised of the ledger balance, less any holds
    on deposited funds and any debit card holds, plus the amount of the Overdraft Privilege limit and any available
    overdraft protection. The available balance for ATM and everyday debit card transactions on accounts with
    Standard Coverage is the ledger balance, less any holds on deposited funds and any debit card holds, plus
    any available overdraft protection, but does NOT include the Overdraft Privilege Limit. For accounts with
    Extended Coverage, the Overdraft Privilege Limit is included in the available balance for authorizing ATM and
    everyday debit card transactions. If the funds in the available balance are not sufficient to cover a transaction,
    any available overdraft protection and/or the amount of the Overdraft Privilege limit may be used to authorize
    and pay a transaction.
★ Southeastern Credit Union will place a hold on your account for any authorized debit card transaction until the
    transaction settles (usually within two business days) or as permitted by payment system rules. In some
    cases, the hold may exceed the amount of the transaction. When the hold ends the funds will be added to the     available balance in your account. If your account is overdrawn after the held funds are added to the available
    balance and the transaction is posted to the available balance, an Overdraft Privilege Fee may be assessed.
★ Except as described in this brochure, Southeastern Credit Union will not pay items if your account does not
    contain available funds (including the Overdraft Privilege limit) to cover the item(s) and the amount of any
    fee(s).
★ We may suspend your debit card use if you incur overdrafts in excess of the available funds in your account
    including any Overdraft Privilege limit (as described in this brochure). Debit cards on your account will remain
    suspended until you make sufficient deposits so that your available balance, taking into account any Overdraft
    Privilege limit, is positive and then you contact us.
★ We may also suspend your debit card if your account is overdrawn more than thirty-two (32) consecutive
    calendar days. Debit cards on your account will remain suspended until you make sufficient deposits so that
    your account balance is positive.
★ We may also suspend your debit card if we are unable to contact you due to an incorrect mailing address or
    phone number(s). You must contact us with your correct mailing address and/or phone number(s) to have your
    debit card reinstated.
★ If you use your debit card for recurring payments, e.g., utilities, and your debit card is ever suspended, these
    transactions will be declined or returned to the payee(s). You will need to make other arrangements to make
    these payments to the payee(s).
★ Overdraft Privilege is not a line of credit; it is a discretionary overdraft service that can be withdrawn at any
    time without prior notice.
★ Overdraft Privilege may be discontinued if you default on any loan or other obligation to us, your account
   becomes subject to any legal or administrative order or levy, or if you fail to maintain your account in good
   standing by not bringing your account to a positive balance within thirty-two (32) days for a minimum of one
   business day. You must bring your account balance positive for at least one business day to have Overdraft
   Privilege reinstated.


OVERDRAFT PROTECTION AND OVERDRAFT PRIVILEGE SUMMARY
★ Overdraft Protection services allow you to link other sources you have with Southeastern Credit Union to your
    checking account in order to prevent overdrafts and may be less expensive options than an overdraft.
★ Overdraft Privilege allows you to overdraw your account for a fee of $29 in order to pay a transaction.
★ Overdraft Privilege limits of up to $500 are available for eligible Personal Checking in good standing.
★ Overdraft Privilege limits of up to $1,000 are available for eligible Business Checking accounts in good
    standing.
★ Standard Overdraft Privilege covers checks, online bill payments, ACH transactions, or automatic/pre-
    authorized debits that you establish (insurance premiums, utility bills, etc.).
★ Extended Overdraft Privilege covers ATM withdrawals and everyday debit card transactions on your personal
    accounts with your prior consent, in addition to those transactions covered by Standard Overdraft Privilege.
    Business accounts automatically have Extended Coverage.
★ Both Overdraft Protection and Overdraft Privilege may enable you to avoid expensive merchant returned-
    check charges.
★ Both Overdraft Protection and Overdraft Privilege may enable you to avoid having your ATM or debit card
    transactions declined due to insufficient funds.
★ You must deposit the full amount of the overdraft (within 32 days), including any fees assessed, and maintain
    a positive balance for at least one business day to continue to receive Overdraft Privilege.
★ Good account management is the best way to avoid overdrafts. Use our mobile banking, internet banking, and
    telephone banking services to help keep track of your balance.

If you have any questions about Overdraft Protection or Overdraft Privilege, please call us at (229) 244-2732 or (800) 228-9839, or visit a branch.