Security Bank offers three types of overdraft protection to fit your individual needs. Each form of overdraft protection can save you NSF fees and spare you the embarrassment of returned checks; but most importantly, overdraft protection can help you protect your credit. The following provides an overview of each differerent product; however, you should speak to a Security Bank representative to determine which one is right for you.

Need a financial S.O.S.? Then try Security's Overdraft Solution, a line of credit now available from Security Bank. S.O.S. is just what you need to ensure that an error in your checkbook does not cause you the embarrassment or the costly fees associated with overdrawing your checking account. It's also a hassle-free way to have access to the extra funds that are needed from time to time. S.O.S. requires a loan application, (see below to download the form).  If you are approved and you are short of cash to make a purchase, just write yourself a loan by writing a check on your Security Bank checking account.

How It Works:
When you write a check or use your debit card for an amount greater than your account balance, Security Bank will advance funds from your overdraft line to the checking account in increments of $100. When you borrow on your S.O.S. account, your required monthly payment is 5% of your balance or $20, whichever is greater. The credit line account allows you to avoid additional expenses and the embarrassment of having checks returned, while protecting your credit. Compare the annual $25 cost for the credit line to one $30 Non-Sufficient Funds fee, and you’ll quickly see the advantages of the S.O.S.

The current S.O.S. Interest Rate is 15.9% on outstanding balances. (Annual Percentage Rate of 15.9%)

Download S.O.S. Application Form   (PDF - 9k)

For more information about S.O.S., call Security Bank today at (217) 789-3500 or stop by any of our locations.

The automatic transfer option for overdraft protection has the same benefits of the other overdraft protection products, only no loan application is needed. You only need a secondary checking or savings account established in order to fund your overdraft. Once you are set up for the automatic transfer option, funds are automatically transferred from your secondary account to cover your checks to the nearest dollar. Each transfer is $5.00.

Security's Overdraft Privilege offers our customers in good standing an additional protection. Overdraft Privilege does not require a loan application or a secondary account. It simply provides the customer with a $500 cushion on a checking account in case of unexpected expenses. If a customer uses this service, they will be charged a minimal NSF fee.

Please see the Security Bank Overdraft Privilege Disclosure for details.