Overdraft Coverage
OVERDRAFT COVERAGE OPTIONS: OVERDRAFT SECURITY AND OVERDRAFT PROTECTION
Life happens! Security Bank and Trust Company understands that unexpected overdrafts occur from time to time – Overdraft Coverage can help.
Overdraft Coverage Options
The choice is yours. Consider these alternative options to cover overdrafts:
| Service | Cost |
|---|---|
| Consumer Overdraft Security (Standard and Extended Coverage) | $19 Return Fee / Overdraft Fee per item per presentment if item is $19 or less. |
| Business Overdraft Security (Standard and Extended Coverage) | $32 Return Fee / Overdraft Fee per item per presentment. Daily fees may apply |
| Overdraft Protection Transfer/Sweep to Another Deposit Account you have at Security Bank and Trust Company1 | No fee applies. |
1Call us at 1-833-937-7282, email us at ODP@securitybanktn.com, or come by a branch to sign up for these services.
Additional terms and conditions, fees and qualifications will apply based on the overdraft protection option chosen.
| Transactions Covered with Overdraft Security | Standard Coverage (No action required) |
Extended Coverage (Your consent required on consumer accounts) * |
|---|---|---|
| Checks | X | X |
| ACH – Automatic Debits | X | X |
| Recurring Debit Card Payments | X | X |
| Online Bill Pay Items | X | X |
| Online/Mobile Banking Transfers | X | X |
| Telephone Banking | X | X |
| Teller Window Transactions | X | X |
| ATM Withdrawals | X* | |
| One-time Debit Card Transactions | X* |
*If you choose Extended Coverage on your consumer account, ATM withdrawals and one-time debit card transactions will be included with the transactions listed under Standard Coverage. If you already have Extended Overdraft Security coverage, it is not necessary to request it again. Business accounts automatically have Extended Coverage. If you would like to select Extended Coverage for future transactions visit any branch.
You can discontinue the Standard or Extended Overdraft Coverage in its entirety by contacting us at 1-833-937-7382 or e-mailing us at ODP@securitybanktn.com.
If you have any questions about our Overdraft Security programs or alternative options, please call us at 1-833-937-7382 or visit any branch.