Overdraft Protection Options
Learn About Overdraft Protection
We realize that inadvertent overdrafts happen from time to time, which is why we offer several overdraft protection options.
Courtesy Overdraft Privilege
Eligible checking accounts are automatically enrolled in the Bank’s Courtesy Overdraft Privilege (COP) service. Unless you choose to decline this service, the Bank may, at our sole discretion, pay eligible transactions that will overdraw your account when your account meets certain criteria.
Unless you authorize us to do so, COP does not cover ATM and one-time debit card transactions. If you want the Bank to authorize and pay overdrafts on ATM and one-time debit card transactions, you may:
Please review the Courtesy Overdraft Privilege Personal Account Disclosure for important additional information, including account eligibility criteria, eligible transactions, and declining COP service.
There are alternatives to COP, which may be more affordable, including lines of credit (subject to credit approval) and overdraft sweep arrangements.
Unless you authorize us to do so, COP does not cover ATM and one-time debit card transactions. If you want the Bank to authorize and pay overdrafts on ATM and one-time debit card transactions, you may:
- Complete and electronically sign this form,
- Log in to Online Banking and send us a secure message, or
- Visit any of our local offices.
Please review the Courtesy Overdraft Privilege Personal Account Disclosure for important additional information, including account eligibility criteria, eligible transactions, and declining COP service.
There are alternatives to COP, which may be more affordable, including lines of credit (subject to credit approval) and overdraft sweep arrangements.
Lines of Credit
Overdraft Line of Credit3 :
An overdraft line of credit is an unsecured line of credit, with a limit of $1,000 – $4,999, for the purpose of overdraft protection for any SouthState personal checking account. It’s like giving yourself a loan when you need it most.
How It Works:
Once your checking account balance is below $0, the bank will transfer funds from your line of credit, in increments of $100.00 up to the available amount of the line of credit, to pay the overdraft amount. To apply for an Overdraft Line of Credit, or increase your current limit, simply contact your local SouthState Banker.
An overdraft line of credit is an unsecured line of credit, with a limit of $1,000 – $4,999, for the purpose of overdraft protection for any SouthState personal checking account. It’s like giving yourself a loan when you need it most.
How It Works:
Once your checking account balance is below $0, the bank will transfer funds from your line of credit, in increments of $100.00 up to the available amount of the line of credit, to pay the overdraft amount. To apply for an Overdraft Line of Credit, or increase your current limit, simply contact your local SouthState Banker.
Simply by writing a check from a deposit account or using your debit card, you can advance funds from your line of credit to cover unexpected expenses.
Personal Line of Credit4 :
A personal line of credit is a revolving line of credit from $5,000 – $50,000, which allows you the flexibility and convenience to fund emergency needs. If you overdraw your account, the bank will transfer funds from your line of credit, in increments of $100.00 up to the available amount of the line of credit, to pay the overdraft amount.
How It Works:
You can easily access your personal line of credit through checks, Online and Mobile Banking transfers, by phone or in-branch.
Overdraft Sweep
Overdraft Sweep allows you to link your checking account with another one of your SouthState Checking, Savings or Money Market accounts.
How It Works:
If you overdraw your checking account, we will transfer or “sweep” funds from your linked account to cover the overdraft. The bank will transfer funds from your linked account to pay the overdraft amount up to the amount of funds in the linked account. This provides the peace of mind that you are protected.
Courtesy Overdraft Privilege
Eligible checking accounts are automatically enrolled in the Bank’s Courtesy Overdraft Privilege (COP) service. Unless you choose to decline this service, the Bank may, at our sole discretion, pay eligible transactions that will overdraw your account when your account meets certain criteria.
Unless you authorize us to do so, COP does not cover ATM and one-time debit card transactions. If you want the Bank to authorize and pay overdrafts on ATM and one-time debit card transactions, you may:
Please review the Courtesy Overdraft Privilege Personal Account Disclosure for important additional information, including account eligibility criteria, eligible transactions, and declining COP service.
There are alternatives to COP, which may be more affordable, including lines of credit (subject to credit approval) and overdraft sweep arrangements.
Unless you authorize us to do so, COP does not cover ATM and one-time debit card transactions. If you want the Bank to authorize and pay overdrafts on ATM and one-time debit card transactions, you may:
- Complete and electronically sign this form,
- Log in to Online Banking and send us a secure message, or
- Visit any of our local offices.
Please review the Courtesy Overdraft Privilege Personal Account Disclosure for important additional information, including account eligibility criteria, eligible transactions, and declining COP service.
There are alternatives to COP, which may be more affordable, including lines of credit (subject to credit approval) and overdraft sweep arrangements.
Lines of Credit
Overdraft Line of Credit3 :
An overdraft line of credit is an unsecured line of credit, with a limit of $1,000 – $4,999, for the purpose of overdraft protection for any SouthState personal checking account. It’s like giving yourself a loan when you need it most.
How It Works:
Once your checking account balance is below $0, the bank will transfer funds from your line of credit, in increments of $100.00 up to the available amount of the line of credit, to pay the overdraft amount. To apply for an Overdraft Line of Credit, or increase your current limit, simply contact your local SouthState Banker.
An overdraft line of credit is an unsecured line of credit, with a limit of $1,000 – $4,999, for the purpose of overdraft protection for any SouthState personal checking account. It’s like giving yourself a loan when you need it most.
How It Works:
Once your checking account balance is below $0, the bank will transfer funds from your line of credit, in increments of $100.00 up to the available amount of the line of credit, to pay the overdraft amount. To apply for an Overdraft Line of Credit, or increase your current limit, simply contact your local SouthState Banker.
Simply by writing a check from a deposit account or using your debit card, you can advance funds from your line of credit to cover unexpected expenses.
Personal Line of Credit4 :
A personal line of credit is a revolving line of credit from $5,000 – $50,000, which allows you the flexibility and convenience to fund emergency needs. If you overdraw your account, the bank will transfer funds from your line of credit, in increments of $100.00 up to the available amount of the line of credit, to pay the overdraft amount.
How It Works:
You can easily access your personal line of credit through checks, Online and Mobile Banking transfers, by phone or in-branch.
Overdraft Sweep
Overdraft Sweep allows you to link your checking account with another one of your SouthState Checking, Savings or Money Market accounts.
How It Works:
If you overdraw your checking account, we will transfer or “sweep” funds from your linked account to cover the overdraft. The bank will transfer funds from your linked account to pay the overdraft amount up to the amount of funds in the linked account. This provides the peace of mind that you are protected.
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- Subject to credit approval. A $5 maintenance fee will be charged at the end of each quarter. (Maintenance fee does not apply to customers who were NC residents at loan origination.) Automatic payments required.
- Subject to credit approval and origination fee.
