Spending more than you have in your business checking account may cause an overdraft, returned item, or declined transaction.
Overdraft Protection allows Wells Fargo to automatically transfer available funds in your linked accounts to pay business transactions if you don’t have enough money in your checking account.
Link your eligible savings and credit accounts to your business checking account for Overdraft Protection online by accessing Add or Change Overdraft Services through Account Services in the More menu within Wells Fargo Business Online® or you can call your banker.
Sign on to Wells Fargo Business Online®
to set up Overdraft Protection Sign On
There is no fee to sign up and only a single Overdraft Protection transfer fee is charged if we transfer funds to cover a negative balance. The fee depends on which account you have linked to your checking account for Overdraft Protection. Please refer to your applicable account agreement for details.
Our overdraft fee is $35 per item whether the overdraft is by check, ATM withdrawal, debit card transaction, or other electronic means. You will be charged no more than eight (8) per day for Business accounts. You must immediately bring your account to a positive balance. The payment of transactions into overdraft is discretionary and the Bank reserves the right not to pay. For example, the Bank typically does not pay overdrafts if your account is not in good standing or you have had excessive overdrafts.
Overdraft Protection transfers from a savings account count towards the Regulation D and Wells Fargo combined total limit of 6 transfers and withdrawals per monthly fee period. If the limit is exceeded, an excess activity fee for each transfer or withdrawal will be assessed. If the limit is exceeded on more than an occasional basis, your savings account could be converted to a checking account or closed.
Wells Fargo Bank, N.A. Member FDIC