Business Overdraft Protection Services

Woman working at a desk

Business Overdraft Options Overview

Customize the level of overdraft protection for each of your SEFCU checking accounts.

Dollar bill coming out of a safe


Transfer from Savings

Use your savings as your first line of defense to cover up to six check and ACH debit transactions overdrafts per month. For a small fee ($2.50), available funds will be transferred from your savings account to your checking account to pay checks and ACH debit transactions. 

Learn more about SEFCU savings accounts

Hand reached out holding a money symbol


Business Line of Credit

Apply for a Business Line of Credit and have peace of mind knowing your overdrafts will be covered up to your approved limit if you don’t have enough funds in your checking account to pay for your transaction.

Learn more about SEFCU Business Lines of Credit

ATM card reader


Premium Overdraft

Premium Overdraft is discretionary overdraft coverage provided by SEFCU to prevent items/transactions from being returned or declined in the event of insufficient funds in your checking account. Each checking account  has a dynamic overdraft limit determined by factors such as how long an account has been open as well as the amount and frequency of deposits into the account.

Premium Overdraft provides automatic coverage for checks, ACH debit transactions, recurring debit card transactions, one-time debit card transactions, and ATM transactions. You may be charged a fee of $28 for each transaction that overdraws your account.

Learn more about SEFCU Premium Overdraft

What does your Premium Overdraft coverage look like?


Coin sitting on top of 5 blocks

Premium Overdraft Coverage

ACH Debit Transactions
Recurring Debit Card Transactions
One-time Debit Card Transactions
ATM Transactions


Coin being blocked

No Coverage

Transaction will be declined
and merchant fees may be incurred.
Notify SEFCU to decline all coverage.

FAQ Section


What options are available to cover overdrafts at SEFCU?
SEFCU offers three different options as part of our overdraft services.

  • Transfer from savings – ($2.50 fee applies per transfer) up to a maximum of six per month and covers checks and ACH debit transactions.
  • Business Line of Credit – Qualified members can take advantage of a Business Line of Credit that will cover overdrafts up to your approved limit.
  • Premium Overdraft – SEFCU will attempt to pay your check, ACH debit transactions, one-time debit card, and ATM transactions in the event of insufficient funds.

What is Premium Overdraft?
Premium Overdraft is a discretionary overdraft coverage provided by SEFCU to prevent items/transactions from being returned or declined in the event of insufficient funds.

Will Premium Overdraft always cover items/transactions when there aren’t sufficient funds in the checking account to cover the transactions?
No. Members have an assigned overdraft limit based on their individual banking relationship with SEFCU which can change depending on account activity. SEFCU will always attempt to pay transactions up to your limit.

What is the fee associated with Premium Overdraft?
While there is no fee to have Premium Overdraft coverage, you may be assessed a $28 fee if a transaction is presented to your checking account when funds are not sufficient.

If my account is brought negative as a result of insufficient funds and any applicable fees, what do I have to do?
It is expected that you make a deposit immediately to cover the negative balance.

Can I change how I want SEFCU to handle my overdrafts?
Yes. You can change your overdraft preferences any time for any of your business checking accounts.

Can I choose to have no overdraft coverage on my account?
Yes. You are free to make that choice, however we encourage you to consider it. Without overdraft coverage, your transactions will be declined and you may be charged fees by both SEFCU and the original merchant or entity. Overdraft coverage simply means it’s available if you need it. There is no risk in having it, and it is beneficial if you require it.

What happens if SEFCU does not pay my transaction?
If you decline all overdraft coverage or we are unable to pay an overdraft for you, the item will be returned to the initiator. When this happens, you may be charged a Returned Item fee by SEFCU and a fee from the payment originator.


Not a member?








Visit a branch near you