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Overdraft Protection

Carefully monitoring your account is one of the best ways to avoid an overdraft. South State offers various tools to help you monitor your account and maintain a positive balance.

1. Online Banking1

Online Banking allows you to check your balances and make transfers from one account to another anywhere you have Internet access. Viewing your account balances and transaction history in Online Banking allows you to see pending transactions as well as transactions that have cleared your account, which can help you prevent an overdraft.

2. Mobile Banking2

Mobile Banking is a convenient and secure way to manage your accounts. Instantly access real-time account balances with Instant Balance. Monitor account activity by viewing your recent transaction history, including pending transactions, and deposit checks anytime, anywhere using Mobile Deposits. You can transfer funds between your South State accounts in Mobile Banking, which can be helpful if one account is low on funds.

You must be enrolled in Online Banking to use our Mobile Banking services. To enroll in Mobile Banking, you may download our app from iTunes or Google Play stores.

3. Phone Banking

Phone banking allows you to check your account balance, transfer funds between South State Bank accounts and review transactions.

To access Phone Banking, call (800) 763-0555. When accessing Phone Banking for the first time, your Personal Identification Number (PIN) will be the last four digits of your Social Security Number.

4. Text Banking

You don’t need a smart phone to access great features with Mobile Banking. Text Banking offers an on-the-go resource for monitoring your accounts. Text banking allows you to view account balances and recent transaction history from your mobile phone.

You must be enrolled in Online Banking to use our text banking services.

5. Branch or ATM

You can obtain your account balance at any South State branch or ATM. You can also deposit funds into your checking and savings account(s) at any South State branch and select ATMs. Click here to locate a South State branch or ATM near you.

6. Alerts

Alerts is a feature that allows you to easily monitor your account(s). Low Balance alerts and Daily Checking Account Balance alerts help you manage your money more closely and avoid overdrawing your account. Based on your preference, you’ll be notified via text, email or within Online Banking about activities and reminders for your checking and savings accounts.

We understand there are times that your checking account may accidentally be out of balance, which is why we offer several overdraft protection options.

  • Overdraft Sweep
  • Lines of Credit
  • Automated Overdraft Privilege (AOP)5

Overdraft Sweep* allows you to link your checking account with another one of your South State 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 a low-cost solution for the peace of mind that you are protected.

To sign up for Overdraft Sweep, please click here or contact your local South State Banker.

Please note transfers from Savings or Money Market accounts are limited to six per month per Regulation D.

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 South State 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 South State 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. Click here to learn more and to apply today.

If you have a personal account enrolled in AOP, we will pay your insufficient funds items and fees up to a pre-approved limit. Examples of the items we will pay are:

  • Checks you have written to other parties
  • Checks cashed at a teller window
  • Automatic drafts
  • Bill payments
  • Recurring debit card transactions
  • Other ACH items you have authorized

How it works:
If you overdraw your account, AOP covers the items listed above up to a pre-approved limit. You will be charged $36 each time we pay an overdraft, up to our limit of six (6) overdraft charges per business day.

Unless you authorize us to do so, AOP does not cover ATM and one-time debit card transactions. If you want South State to authorize and pay overdrafts on your ATM and one-time debit card transactions, you may:

Please note AOP does not cover insufficient items caused by automatic transfers. While fees apply when you use AOP, the fees may be less than declined or returned item fees from the merchant in addition to the bank’s assessed NSF Returned Item fee. We pay overdrafts at our discretion.

Keep in mind there are alternatives to AOP, which may be more affordable,  including lines of credit (subject to credit approval) and overdraft sweep accounts.