Consumer and Business
Fee Schedules
SESLOC Reduces Overdraft Fees for Consumer and Business Members
Helping Members Save Today, and Everyday
November 1, 2024
SESLOC is pleased to announce, that as of Friday, November 1, 2024, there has been a reduction in overdraft fees. This change is part of our commitment to providing cost-effective solutions for our entire membership community. These savings will be extended to all members, but will have the greatest impact on those facing financial challenges, who need a break from fees to begin saving and building healthy financial habits.
See below for the current fee schedules, a summary of changes, and our commitment to financial health and wellness.
Please view the PDFs of our fee schedules below:
Consumer Fee Schedule
Business Services Fee Schedule
What has changed?
Below is summary of fees that have been modified or eliminated, effective November 1, 2024.
Changes to Consumer Fee Schedule
| Fees Assessed | From | To |
| Card Replacement1 | $5 per card | No Fee |
| Overdraft from Share Savings or Money Market Account | $3 per presentment | No Fee |
| Returned for Non-Sufficient Funds (NSF) | $28 per presentment | $14 per presentment |
| Courtesy Pay | ||
| Items $0.01-$0.99 | No Fee | No Fee |
| Items $1.00-$4.99 | $1 per presentment | $1 per presentment |
| Items $5.00-$9.99 | $7 per presentment | $5 per presentment |
| Items $10.00-$29.99 | $14 per presentment | $10 per presentment |
| Items $30.00+ | $28 per presentment | $14 per presentment |
| Returned Payment | $20.00 per item | $15.00 per item |
| In addition to the reduction in the fees assessed for each NSF or Courtesy Pay presentment, a maximum limit on the fees assessed per day has been reduced. The maximum limit previously applied to just Courtesy Pay fees, and now the limit applies to the aggregate in fees assessed for Courtesy Pay and NSF. | $100 per day | $60 per day |
1. This Card Replacement fee is for standard shipping, or for “Instant Issue” cards available in branch. A $30.00 fee for Expedited Card Replacement is applied for rush shipping of a card to your address on file.
2. Please note we do not ship cards to an alternate mailing address to protect your account(s).
Changes to Business Fee Schedule
| Fees Assessed | From | To |
| Card Replacement1 | $5 per card | No Fee |
| Overdraft from Share Savings or Money Market Account | $3 per presentment | No Fee |
| Returned for Non-Sufficient Funds (NSF) | $28 per presentment | $14 per presentment |
| Courtesy Pay | ||
| Items $0.01-$0.99 | No Fee | No Fee |
| Items $1.00-$4.99 | $1 per presentment | $1 per presentment |
| Items $5.00-$9.99 | $7 per presentment | $5 per presentment |
| Items $10.00-$29.99 | $14 per presentment | $10 per presentment |
| Items $30.00+ | $28 per presentment | $14 per presentment |
| Returned Payment | $20.00 per item | $15.00 per item |
| In addition to the reduction in the fees assessed for each NSF or Courtesy Pay presentment, a maximum limit on the fees assessed per day have been reduced. The maximum limit previously applied to just Courtesy Pay fees, and now the limit applies to the aggregate in fees assessed for Courtesy Pay and NSF. | $100 per day | $60 per day |
1. This Card Replacement fee is for standard shipping, or for “Instant Issue” cards available in branch. A $30.00 fee for Expedited Card Replacement is applied for rush shipping of a card to your address on file.
2. Please note we do not ship cards to an alternate mailing address to protect your account(s).
Our Commitment to Your Financial Health & Wellbeing
Credit unions have consistently provided a more affordable alternative to traditional banks. At SESLOC, we prioritize transparency and fairness in our pricing structures, allowing our members to make informed financial decisions. We highly encourage members to take advantage of the educational resources available through SESLOC, which can help individuals proactively manage their finances to prevent overdraft situations. From educational articles, free financial webinars and seminars, to budgeting templates and online financial tools, these resources are designed to empower individuals towards effective financial management, aiding in the prevention of overdraft occurrences.
Individuals who find themselves frequently burdened by overdraft or Non-Sufficient Funds (NSF) fees are recommended to explore the benefits of our Basic Checking account. This account is structured to exclude any fees associated with overdrafts, NSFs, or check cashing, providing members a transaction checking account without the concern of overdraft fees.
Thank you for your ongoing support and trust in our credit union. Your loyalty inspires us to constantly improve and innovate, ensuring that our credit union remains a reliable partner in your financial journey. We will continue to tailor our offerings to meet your needs and enrich our People & Place.
Stay tuned as we reveal more ways we’re helping SESLOC Members Save in the coming months. For any questions, please contact us at (805) 543-1816 or visit any branch office.
Financial Resources to Help you Prevent Overdrafts
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