CONVENIENCE SERVICES Services Overdraft Protection


It’s easy to make mistakes on your checking account. A simple miscalculation can lead to a shortage of funds. SPCO checking overdraft protection is a great way to help make sure that your transactions are covered. We offer two different overdraft services to help you manage your accounts. Both are optional services, with associated fees for use. If you are enrolled in both, we will use Overdraft Protection first, which has a lower fee.

Overdraft Protection

If you can link an eligible SPCO savings account to your checking account, we’ll automatically transfer the needed funds to cover your transaction, if you don’t have the money in your checking account. This will save you money because you’ll only be assessed a small Overdraft Protection fee. Click here to see our Fee Schedule.

Courtesy Pay

A second layer of protection is available in addition to the above Overdraft Protection. SPCO also offers a Courtesy Pay solution, to cover unexpected shortages. Courtesy Pay activates if there are not enough funds available in your existing SPCO savings account to cover shortages. Accounts using Courtesy Pay are charged a standard Courtesy Pay fee for handling the overdraft. Click here to see our Fee Schedule.

This discretionary service is limited to $700 overdraft / negative balance on your SPCO Checking Account (based on approval). This is NOT a loan; however, with Courtesy Pay, we have the discretion to pay the overdraft, bringing your account negative. Any Courtesy Pay negative balance must be repaid within 30 days, to bring your account balance positive. All SPCO accounts must be in good standing, to be eligible for this extra layer of protection.  

Overdraft FAQ
An overdraft is when money is withdrawn from your checking account via checks, debit or ATM transactions, electronic funds withdrawals etc. and the available balance drops to zero.
Yes. A returned item or “bounced check” happens when the item is returned unpaid because the available balance in your checking account was less than the amount needed to pay the item.
If you incur a returned item on your checking account without additional overdraft protection, you will pay a returned item fee of $29 to SPCO, in addition to incurring returned check fees to the receiving business.

The Overdraft Protection fee – $5

The Courtesy Pay fee is $29
Contact us to complete a request form.

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