What You Need to Know About Overdrafts and Overdraft Fees
Important information about overdrafts
An overdraft occurs when you do not have enough available money in your account to cover a transaction (based on your account's
available balance
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) but we pay it anyway .
1. Available balance is the most current record we have about the funds that are available for your use or withdrawal. It includes all deposits and
withdrawals that have been posted to your account, then adjusts for any holds on recent deposits and any pending transactions that are known to
the Bank. This balance may not reect 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.
W e can cover your overdrafts in two dierent ways:
1. We have standard overdraft coverage that comes with your account.
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2. We also oer overdraft protection plans, such as a link to an eligible savings account, eligible line of credit or eligible credit
card, which may be less expensive than our standard overdraft coverage. To learn more, ask us about these plans.
2. Our standard overdraft coverage does not apply to Clear Access Banking accounts. Optional overdraft services, such as Overdraft Protection and
Debit Card Overdraft Service, are not available for Clear Access Banking accounts. For more information about the overdraft features for Clear
Access Banking accounts, please refer to your Consumer Account Fee and Information Schedule and Deposit Account Agreement.
This notice explains our standard overdraft cover
age.
What is the standard overdraft coverage that comes with my account?
We may authorize and pay overdrafts for the following types of transactions:
• Checks and other transactions made using your checking account number
• Aut
omatic bill payments (such as recurring debit card and ACH payments)
We will not authorize and pay overdrafts for the following types of transactions unless you ask us to (see below):
• ATM transactions
• Everyday debit card transactions (such as one-time debit card and ATM card purchases)
We pay overdrafts at our discretion which means we do not guarantee that we will always authorize and pay any type of
transaction. If we do not authorize and pay an overdraft, your transaction will be declined or returned unpaid.
If you'd like more information about available options related to standard overdraft coverage, please speak with a
Wells Fargo banker.
What fees will the bank charge if it pays my overdraft
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?
3. Overdraft fees are not applicable to Clear Access Banking accounts.
Under our standard overdraft coverage:
• We will charge you a fee of $35 each time we pay an overdraft item to your account.
• The
re is a limit of three overdraft fees per day.
What if I want Wells Fargo to authorize and pay overdrafts on my ATM and everyday debit card transactions?
4. Not available for certain accounts, such as Clear
Access Banking accounts, or savings accounts. Debit Card Overdraft Service is a discretionary
service that may be removed by the bank for a variety of reasons including excessive overdrafts or returned items, as determined by the Bank.
You
can add Debit Card Overdraft Service anytime by calling us at 1-800-TO-WELLS (1-800-869-3557), signing on to
Wells Fargo Online® Banking from a computer or tablet (search Overdraft Services), visiting a Wells Fargo ATM (select
More Choices), or speaking to a banker at any Wells Fargo branch. You can remove the service at any time.
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For Consumer Deposit Accounts Only
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CNS9795 (7/2024) Eective July 23, 2024
