Can I overdraft my Wells Fargo account?

Yes, you can overdraft your Wells Fargo account, but it depends on the type of transaction and whether you have opted for specific overdraft services.

Standard Overdraft Coverage

• Eligible Transactions: Wells Fargo may authorize and pay overdrafts for checks and automatic bill payments (such as recurring debit card and ACH payments) at their discretion124.
• Non-Eligible Transactions: ATM and everyday (one-time) debit card transactions will not be authorized into overdraft unless you opt for the Debit Card Overdraft Service124.

Optional Overdraft Services

• Debit Card Overdraft Service: This service allows Wells Fargo to approve ATM and everyday debit card transactions when your account balance is insufficient. You must opt-in for this service124.
• Overdraft Protection: You can link a savings or credit account to your checking account. If you overdraft, funds will be transferred from the linked account to cover the overdraft, reducing the likelihood of overdraft fees23.

Fees

• Overdraft Fee: $35 per item, with a limit of three fees per business day125.
• No Fees for Declined Transactions: If your account is not enrolled in Debit Card Overdraft Service, declined ATM and debit card transactions incur no fees25.

Avoiding Overdraft Fees

• Extra Day Grace Period: You have an extra business day to deposit funds and avoid overdraft fees if your balance covers the overdraft by the end of that day1.
• Small Overdraft Buffer: No fees are charged for overdrafts of $5 or less5.