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Overdraft Protection and Overdraft Services - CA, 94105 Change Location

Wells Fargo's checking account overdraft services are a good way to help make sure that your transactions are covered.

We offer two overdraft services to help you manage your account. Both services are optional and there are no enrollment fees. If you are enrolled in both services, we will first use Overdraft Protection — which has a lower fee — to cover your overdraft.

Overdraft Protection

  • We will automatically transfer available funds to cover your transaction if you don’t have enough money in your checking account.
  • There is no fee to sign up for Overdraft Protection and a single Overdraft Protection transfer fee would be charged only 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. See the “Overdraft Protection” tab below for details.

Add Overdraft Protection now

Debit Card Overdraft Service

  • Your ATM and everyday debit card transactions may be approved — at our discretion — if you don’t have enough money in your checking account or accounts linked for Overdraft Protection.
  • There is no fee if you make a sufficient deposit or transfer to cover a negative balance before the cutoff time on the same business day. If your account is overdrawn, our standard overdraft fee of $35 per item will apply.

Add Debit Card Overdraft Service now

You can learn more about these two overdraft options in the tabs below or in our Consumer Overdraft Services / Choices to help you manage your checking account (PDF)* en español Vea información en español (PDF)*

Fees and other key information

Overdraft Protection Fees

If you link an eligible Wells Fargo savings or credit account to your checking account, we will automatically transfer available funds to cover your transactions if you don’t have enough money in your checking account. A single Overdraft Protection transfer fee will be assessed. The fee depends on which account you have linked to your checking account for Overdraft Protection:

  • Savings account: A daily fee of $12.50 applies for all overdrafts that occur in a single day.
  • Line of credit: Please see your Credit Agreement for the fee and finance charges for advances.
  • Credit card: The fee for overdraft protection advances, charged to your credit card account linked to your checking account, varies based on the amount of the advance. Advances from your credit account are treated as cash advances and interest will accrue from the date each advance is made.

How to Set Up Overdraft Protection

You can link your checking account to an eligible account by requesting Overdraft Protection online (or by selecting Add/Change Overdraft Services on the Account Services page, if you’re already signed on). 

Your Wells Fargo accounts that are eligible to provide Overdraft Protection will appear on the Add/Change Overdraft Protection screen.

  • Most Wells Fargo savings accounts
  • A Wells Fargo credit card can be linked to most Wells Fargo checking accounts

Please refer to your Consumer Account Fee and Information Schedule for additional information regarding the accounts that are eligible to provide Overdraft Protection for your checking account. If you prefer to speak with a banker, please call us anytime at 1-800-TO-WELLS (1-800-869-3557). PMA customers may call the Wells Fargo Premier Banking TeamSM anytime at 1-800-742-4932.

Key information

You can choose how Wells Fargo handles your ATM and everyday debit card transactions in the event that you don’t have enough money in your checking account and accounts linked for Overdraft Protection at the time of the transaction. This is a discretionary service provided by Wells Fargo.

Fee

  • There is no fee if your account is negative during the day and you make a sufficient deposit or transfer before the posted cutoff time on the same business day.
  • If your account is overdrawn, our standard overdraft fee of $35 per item will apply.

If you do not add Debit Card Overdraft Service to your checking account, ATM and everyday ("one-time") debit card transactions will be declined if you don’t have enough money in your checking account or in accounts linked for Overdraft Protection at the time of the transaction. Overdraft fees are not charged on transactions that are declined. For more details, see the "FAQs" tab.

Please see "Avoiding Overdrafts" in the next tab for free and lower-cost service options that can help you manage your account and avoid declined debit card transactions.

Avoiding overdrafts

Sign up for these free Wells Fargo online services to help avoid overdrafts:

Text Banking — Access account information fast and check account balances anytime with your mobile phone; text BAL (for the balance on your primary account) or BAL ALL (for the balance on all your accounts) to 93557 (WELLS). Learn more about text alerts.

Mobile Banking — Bank on the go with your smartphone; check your balance in advance or after making purchases and transfer funds from your other Wells Fargo accounts.

Account Alerts — Set up an email or text alert if your account balance reaches any level you set. Learn more about alerts.

My Money Map — Use online banking tools that help you view your spending, budgeting, and savings with one click.

Consider these tips to help you avoid overdrafts:

Record your transactions: Record every deposit and withdrawal — including checks, recurring payments like your car payment or gym membership, debit card purchases, and cash withdrawals. Visit any Wells Fargo banking location for a free check register.

Know your current available balance: Check your available balance anytime with Wells Fargo online banking (text, smartphone, and/or internet), at any Wells Fargo ATM, or call anytime 1-800-TO-WELLS (1-800-869-3557). 

Compare records and adjust for outstanding and pending transactions: Review your statements and monitor your available balance online or at the ATM. Wells Fargo’s available balance may not include all transactions you have authorized for payment. For example, checks you have written and recurring payments you have authorized may not be included. Your available balance includes “pending” debit card transactions (approved on your behalf but not yet paid) for up to three business days. We may not know the final amount of your transaction; we only know what the merchant sends to us for approval. Please keep track of all your transactions to avoid overspending.

What is an overdraft?

An overdraft occurs when money is withdrawn or transactions (checks, debit card purchases, electronic funds transfer, etc.) are paid from a checking account and the available balance goes below zero.

Is an overdraft different from a returned item?

Yes. A returned item (also called a "bounced check") occurs when an item (such as a check or other transaction presented for payment) is returned unpaid because the available balance in your deposit account is less than the amount of the item.

How much does Debit Card Overdraft Service cost?

  • There is no fee if your account is negative during the day and you make a sufficient deposit or transfer before the posted cutoff time on the same business day.
  • If your account is overdrawn, our standard overdraft fee of $35 per item will apply.

Is Debit Card Overdraft Service different from Overdraft Protection?

Yes, they are different. Both services are optional and you can sign up for one or both depending on how you like to manage your money. You do not need to have Overdraft Protection in order to have Debit Card Overdraft Service.

There is no fee for either of these services if your account is negative during the day and you make a sufficient deposit or transfer before the posted cutoff time on the same business day.

With Overdraft Protection: 

  • Your eligible accounts (saving, credit card, and eligible line of credit) are linked to your checking account.
  • If there isn’t enough money in your checking account, available funds in your linked accounts will be used to approve and pay any of your transactions.
  • If the bank transfers money to cover your transactions, a single Overdraft Protection transfer fee (amount varies depending on the amount of transfer and type of linked account) will be assessed, regardless of the number of transactions we pay from your account that day. Please see the Overdraft Protection section for complete details.

With Debit Card Overdraft Service: 

  • Your ATM or everyday debit card transactions may be approved — at our discretion — if you do not have enough money in your checking account or accounts linked for Overdraft Protection. This is a discretionary service  that may be helpful if you aren’t carrying an alternative form of payment like a credit card or cash.
  • Debit Card Overdraft Service is designed for the occasional inadvertent overdraft and you are encouraged to use Wells Fargo services to track balances and to sign up for Overdraft Protection.
  • Available funds will be drawn from any eligible accounts linked for Overdraft Protection first to cover overdrafts before using Debit Card Overdraft Service.
  • Our standard overdraft fee of $35 per item will apply if a sufficient deposit or transfer is not made before the posted cutoff time the same business day.
  • If this service is not added, ATM and everyday debit card transactions will be declined if there isn’t enough money in the checking account. An overdraft fee is not charged if these types of transactions cause an overdraft.
  • This service does not apply to debit card transactions established for recurring payments (such as utilities or club memberships). These may continue to be authorized and paid into overdraft, at our discretion, even if Debit Card Overdraft Service is not added. Our standard overdraft policies and fee of $35 per item would apply if the account is overdrawn.

Which consumer checking accounts are eligible for Debit Card Overdraft Service?

Debit Card Overdraft Service is available on most checking accounts. It is not available on savings accounts, Teen Checking℠, or Opportunity Checking®.

Are business checking accounts eligible for Debit Card Overdraft Service?

Business checking accounts (with the exception of IOLTA, RETA, and government products) are automatically enrolled in Debit Card Overdraft Service when the account is opened. Business customers have the ability to remove (revoke) this service, which will result in ATM and everyday (“one-time”) debit card transactions being declined if enough money is not available in the checking account or available in accounts linked for Overdraft Protection. Business customers may also add the service at any time.

Does Debit Card Overdraft Service affect my automatic or recurring debit card payments?

No. The service does not impact recurring debit card transactions where you have pre-authorized a merchant to pay your monthly utility bill or other bills with your debit card. Debit card transactions that are set up to pay automatically may continue to be authorized at our discretion, even if you do not add Debit Card Overdraft Service. Our standard overdraft policies and fee of $35 per item would apply if the account is overdrawn.

Does Debit Card Overdraft Service affect my checks?

No. The service only covers ATM and everyday debit card transactions and does not cover the payment or processing of checks. Checks may be paid into overdraft or returned at our discretion, even if you do not add Debit Card Overdraft Service. Our standard overdraft policies and fee of $35 per item would apply.

Does Wells Fargo guarantee transactions will be approved with Debit Card Overdraft Service?

No. The payment of transactions into overdraft remains a discretionary decision of Wells Fargo and we reserve the right not to pay. For example, we typically do not pay overdrafts if your account is not in good standing or if you have had excessive overdrafts.

When do debit card transactions post to my account?

The bank posts a debit card transaction when the merchant submits the transaction to the bank for payment. In most instances the bank will place a temporary hold for the amount of the debit card transaction when it is authorized and most transactions post within one to two business days.

If I don’t add Debit Card Overdraft Service to my account, will everyday debit card transactions ever create an overdraft?

Yes. It is possible for debit card transactions to create an overdraft even if you don’t add Debit Card Overdraft Service. Wells Fargo will typically only approve your transaction if you have enough money in your account at the time of the transaction. However, we may not receive the final transaction for payment until later, when you may not have enough money in your account. 

In these circumstances:

  • Wells Fargo must pay the transaction if we have provided authorization (approval) to the merchant.
  • An overdraft may occur (based on available funds) resulting in a negative balance that you must repay.
  • No fee will be assessed for this type of overdraft.

How much is an overdraft fee?

Overdraft fee is $35 per item.

Can I make a deposit or transfer to avoid overdraft fees?

Yes. There is no fee if your account is overdrawn during the day and you make a sufficient deposit or transfer before the posted cutoff time on the same business day. 

  • If you add Debit Card Overdraft Service, you may be allowed to continue with a purchase and deposit or transfer funds before the posted cutoff time on the same business to cover the transaction.
  • If the debit card transaction is made on a non-business day (such as a weekend), you have until the posted cutoff time on the next business day.
  • If a check deposit is subject to a hold, only some of the funds will be immediately available to cover debit transactions.
  • A cash deposit or transfer of funds before the cutoff time will typically be available to pay transactions that night.

How do I decide if this service is right for me?

Debit Card Overdraft Service may be right for you if you:

  • Prefer to have your ATM or everyday debit card transaction approved even if you don’t have enough money in your account at the time of the transaction.
  • Manage your money well but prefer a "backup" for an occasional/inadvertent overdraft.
  • May not always have enough money in your linked Overdraft Protection accounts or you don’t have any accounts to link for Overdraft Protection.
  • Have multiple signers on your account who may be making purchases or writing checks — which may make it a challenge to keep track of your account balance.
  • Do not typically carry multiple forms of payment (e.g., credit cards, checks, or cash) to complete a purchase if your debit card is declined.

Wells Fargo offers a variety of services that can help you manage the balance in your accounts and avoid debit card declines. We encourage you to consider our free and lower-cost services first. Debit Card Overdraft Service is an optional service that you can choose to add or remove from your checking account at any time. The approval and payment of any transaction into overdraft remains a discretionary decision of Wells Fargo. If you add this service, our standard overdraft fees of $35 per item could apply. You can avoid overdraft fees if you make a sufficient deposit or transfer before the posted cutoff time on the same business day.

How do I add or remove Debit Card Overdraft Service?

You can add or remove Debit Card Overdraft Service through Online Banking, at a Wells Fargo ATM, or anytime through our automated service at 1-877-804-4883. You can also visit your nearest Wells Fargo banking location or talk to a phone banker anytime at 1-800-TO-WELLS (1-800-869-3557). PMA customers may call the Wells Fargo Premier Banking Team anytime at 1-800-742-4932.

Any account holder with transaction authority can add or remove the service on the account.

Add Overdraft Protection

Enroll Online

You can also add Debit Card Overdraft Service to your checking account.

Payment of a transaction into overdraft is discretionary and the bank reserves the right not to pay.

This balance may not reflect all of your transactions, such as checks you have written or debit card transactions that have been approved but not yet submitted for payment by the merchant.