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Overdraft Protection FAQ



Father and daughterWhat is overdraft protection?

An overdraft occurs when you do not have enough money in your account to cover a purchase, but we pay it anyway.

What types of overdraft protection does SCBT offer?

We have standard overdraft practices that come with your account called Automated Overdraft Privilege (AOP)*. 

We also offer an overdraft protection plan called Ready Reserve which is a credit-based product and may be less expensive than our standard overdraft practices. This plan may incur interest charges, but not an overdraft fee.

What are the standard overdraft practices that come with my account?

We do authorize and pay overdrafts for the following types of transactions:

  • Checks and other transactions made using your checking account number
  • Automatic bill payments

We will not authorize and pay overdrafts for the following types of transactions unless you ask us to (see below):

  • Everyday debit card purchases

We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction.

If we do not authorize and pay an overdraft, your transaction will be declined.

What fees will I be charged if SCBT pays my overdraft?

Under our standard overdraft practices for personal checking accounts:

  • If all of your daily transactions overdraft your account $5 or less, we will not charge an overdraft fee.
  • If all of your daily transactions overdraft your account for more than $5, we will charge you a fee of $35 for each item we pay into overdraft.
  • We will limit the number of overdraft fees to 5 items per day.
  • Items that overdraw your account more than $500 will be returned unpaid and you will be charged $35 Non-Sufficient Funds Fee.
  • PLEASE NOTE: Using AOP frequently can cause substantial fees. Please use responsibly.

What if I want SCBT to authorize and pay overdrafts on my everyday debit card purchases?

If you want us to authorize and pay overdrafts on everyday debit card purchases, you may either:

  1. Call our Customer Care at 1-800-277-2175.

  2. Complete our online form.

  3. Visit any of our local offices.

What if I change my mind about overdraft protection on everyday debit card purchases?

Should you change your mind and decide you no longer want SCBT to continue to authorize and pay overdrafts on your everyday debit card purchases, you may revoke your authorization at any time by mail, phone, online or in person.

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