Overdraft Protection

What are overdrafts and how can I cover them?

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:

1. We have standard overdraft practices that come with your account.
2. We also offer overdraft protection plans, such as a link to another account or a line of credit, which may be less costly than our standard overdraft practices. To learn more, ask us about these plans.

This notice explains 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 will not authorize and pay overdrafts for the following types of transactions without your consent.

• 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 Southern Independent Bank pays my overdraft?

Under our standard overdraft practices:

• We will charge you a fee of up to $28 each time we pay an overdraft
• We will not charge you a fee if your account is overdrawn $10 or less on any given day
• Should your account remain overdrawn for 35 consecutive calendar days, your account will be assessed an Extended Overdrawn Balance fee of $25 on day 35.
• There is a limit of $140 per day on the total fees we can charge you for overdrawing your account

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

If you want us to authorize and pay overdrafts for which an Overdraft fee will be assessed on ATM and everyday debit card transactions, you can opt in one of two ways:

1. Call (334) 493-2265 or (334) 428-2265
2. Complete the online form by clicking the button above or below

You can revoke your authorization for Southern Independent Bank to pay these overdrafts at any time by any of the above methods. Your revocation must include both your name and your account number so that we can properly identify your account.