The amount you can overdraft on a Wells Fargo account depends on several factors, including the type of account you have, your spending history, and your overdraft protection options. Here’s what you need to know about overdrafts on Wells Fargo accounts:
- Overdraft protection: Wells Fargo offers overdraft protection services that can help you avoid overdraft fees and declined transactions. These services include overdraft transfer, overdraft protection line of credit, and overdraft protection link to savings. The amount of overdraft protection you have will depend on the type of service you choose and the terms of your account agreement.
- Overdraft fees: If you overdraft on your Wells Fargo account, you will be charged an overdraft fee. The amount of the fee will depend on the type of account you have and the specific terms of your account agreement. Wells Fargo charges a fee of up to $36 per overdraft.
- Declined transactions: If you do not have overdraft protection or if your overdraft protection is not sufficient to cover a transaction, the transaction will be declined. Declined transactions can result in additional fees, such as a non-sufficient funds (NSF) fee or a returned item fee.
- Overdraft limit: The amount you can overdraft on your Wells Fargo account will depend on the type of account you have and the specific terms of your account agreement. Most Wells Fargo accounts have an overdraft limit, which restricts the amount of overdraft you can incur on your account. You can check your overdraft limit by logging into your online banking account or by contacting Wells Fargo customer service.
In conclusion, the amount you can overdraft on a Wells Fargo account will depend on several factors, including the type of account you have, your spending history, and your overdraft protection options. Wells Fargo offers overdraft protection services to help you avoid overdraft fees and declined transactions. If you overdraft on your account, you will be charged an overdraft fee, and the amount of the fee will depend on the type of account you have. Most Wells Fargo accounts have an overdraft limit, which restricts the amount of overdraft you can incur on your account. You can check your overdraft limit by logging into your online banking account or by contacting Wells Fargo customer service.
