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Discretionary Overdraft Protection

Federal legislation requires our customers to choose (opt-in) discretionary overdraft protection for purchases and ATM withdrawals using a debit or ATM card from our checking accounts.

As you may know, an overdraft occurs when you do not have sufficient funds in your account to cover a transaction. Discretionary overdraft protection means we may cover the amount of the overdraft, thus avoiding the inconvenience of a declined transaction. A fee is charged when this discretionary service is utilized.

You may still qualify for our standard discretionary overdraft protection, meaning we will authorize and pay overdrafts on checks, automatic bill payments, and any other transaction using your checking account number. Unless you opt-in for discretionary overdraft protection for debit card purchases or ATM withdrawals, we will not authorize overdrafts on those transactions, which means those transactions will be denied if the funds are not available in your account. If you choose to have your ATM and debit card transactions covered:

  • We will charge $25.00 each time we pay an overdraft.
  • A maximum of two (2) overdraft fees can be charged per day.

As always, South Shore Bank remains committed to helping you manage your finances.

Business accounts are not eligible for discretionary overdraft protection.

Opt-In to Overdraft Protection

Please use the form below if you choose to opt-in.

All fields required to be filled in.


If you have any questions, please call our Customer Information Center at (781) 682-3715 or toll free at (800) 875-3553.