Overdraft Protection
Protect your credit rating, avoid high fees and gain peace of mind.
SESLOC offers Overdraft Protection plans for your convenience. Overdraft from savings is effective automatically. An Overdraft Line of Credit offers added security (application required).
Overdraft from Savings
Funds are automatically transferred from your savings if your checking account balance is insufficient to cover checks, electronic debits, debit card purchases or payments scheduled through Bill Pay.* The funds must be available in the account and are transferred in the exact amount needed.
* A fee applies to each transfer. Please refer to the fee schedule.
Overdraft Line of Credit
This is an open-ended line of credit linked to your SESLOC checking account. Funds are advanced automatically to cover checks, electronic debits, debit card purchases or payments scheduled in Bill Pay if the balance in your checking account is insufficient.
There are no transfer fees, and no interest costs until you use it. Interest accrues from the day funds are advanced, and the amount due appears online or on your next statement.
Courtesy Pay
Offered exclusively for HomeFREE Checking accounts
Courtesy Pay Overdraft can provide additional protection when other plans you have established are not enough.
SESLOC News
From the News+ Blog
QR Code Scams: Protecting Your Finances in the Digital Age
In today’s digital world, QR codes have become a staple of convenience, allowing us to access websites, make payments and gain information with a simple scan. However, the ease of accessibility has also made QR codes a prime target for scammers looking to exploit unsuspecting users. Here you can find practical tips for identifying suspicious QR codes and learn strategies to safeguard your personal information.
Buy Now, Pay Later: The Cost of Convenience
“Buy Now, Pay Later” (BNPL) services have become increasingly popular, offering a tempting alternative to credit cards. A 2022 report from the Consumer Financial Protection Bureau found that from 2019 to 2021, the number of BNPL loans originated in the U.S. by the five lenders it surveyed grew from 16.8 million to 180 million, highlighting how appealing these services are to consumers.
Saving Strategies: Building an Emergency Fund and Planning for Future Expenses
Saving money is essential for financial stability and preparedness. One of the first steps in saving is to build an emergency fund to cover unexpected expenses like medical bills or car repairs. Here are a few tips for building an emergency fund and planning for future expenses.
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Savings are insured to at least $250,000 and backed by the full faith and credit of the U.S. government. National Credit Union Administration, a U.S. government agency.
