Consumer Overdraft Services. Rainy days never seemed so bright with our Overdraft Services

Optional Overdraft Protection Plans

Link to a Secondary Account


Linking your primary account to a secondary checking or savings account allows available funds to be automatically transferred1 or "swept" from the secondary account into the primary account when items are presented that would cause an overdraft to occur.


For assistance with setting up, please visit one of our convenient locations or call us at 1 (877) 968-7962.

Link to a Revolving Line of Credit (ReLi®)2


We offer two ReLi® options - Unsecured and Secured. Both can be linked to your primary account, upon credit approval, to protect you against overdraft and insufficient item fees by allowing available ReLi® funds3 to be automatically transferred into the primary account when items are presented that would cause an overdraft to occur.

Standard Overdraft Practices4

Included5

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Checks and other transactions made using your checking account number

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Automatic Payments (ACH items)

Not Included

 

ATM transactions

 

Everyday debit card transactions

Fees

One (1) $32 (NSF) insufficient item fee is charged each time an item is returned unpaid.6

One (1) $32 (OD) overdraft item fee is charged for each item that is paid.

If an item overdraws your account $1 or less, you will not be charged a fee. Limit of 3 insufficient and/or overdraft item fees per day. No overdraft item fee will be charged for ATM or everyday debit card transactions, unless you Opt-In for those transaction types.

Want to have your ATM and everyday debit card transactions covered?

Opt-In today using one of the following methods:

1

Call: (877) 968-7962

 
2

Download, fill out this form, and bring it to a branch near you or mail it to us at: P.O. Box 7889, The Woodlands, TX 77387-7889

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Managing Your Account

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Set up Low Balance Alerts

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Account Management Tips

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Digital Banking Services

FAQs

An overdraft occurs when you do not have enough money available in your account to cover a transaction, but we pay it anyway.

This occurs when you do not have enough money available in your account to cover a transaction, and we return the item to the person or business the item was payable to. As a result, you are charged an NSF fee. An NSF fee will be charged each time an item is returned unpaid regardless of the number of times the item is presented.

When you do not have enough available funds in an account to cover a transaction item, at our sole discretion, we may honor that item. This will cause an overdraft on the account, and the account will be charged associated fees.


Items included:

  • Checks and other transactions made using your checking account number
  • Automated payments (ACH items), such as recurring bill payments
  • Recurring debit card purchases, such as television service subscriptions


NOT INCLUDED, BUT AVAILABLE FOR OPT-IN
: ATM and everyday debit card transactions, such as groceries or gasoline

Yes, a $32 Fee will be charged for each NSF or OD item that process against your account, regardless of the number of times an item is presented. The Bank will only charge you up to 3 NSF and OD fees per day, and if an item overdraws your account $1 or less no fee is charged. No OD or NSF item fee is charged for ATM or everyday debit card transactions, unless you Opt-In for those transaction types.

We may honor items that overdraw your account, but this is at our sole discretion. You may visit your local branch or call us at 1(877) 968-7962 for more information about our Standard Overdraft Practices.

You should make every attempt to bring your account to a positive end-of-day balance as soon as possible. Leaving your account overdrawn for an extended period may affect the Bank honoring any future items that overdraw your account. Payment of items is at the Bank's sole discretion.

You can contact your local branch or call us at 1(877) 968-7962 to Opt-Out of Standard Overdraft Practices.

Knowing your balance may help you avoid fees. Before you make a purchase, check your balance using one of these options.

The best way to avoid OD and NSF fees is to keep track of your account balance by entering all items in a check register or online budgeting tool, reconcile your account regularly and manage your finances responsibly. For more account management tips, please see our Account Management page.


If a mistake occurs, however, Woodforest offers the following alternatives to Standard Overdraft Practices to cover OD items:

Ways to Cover Overdrafts at WoodforestExamples of Associated Fees*
Good Account Management$0
Account Sweep$5.00 transfer fee
Line of Credit (ReLi) Unsecured15.99% APR**
Line of Credit (ReLi) Secured7.99% APR**

*These costs are provided only as examples. Please ask us about our specific products and fees.
**Line of credit available only to qualifying customers.

Related Links

Cash In at Checkout

Cash In at Checkout allows you to send cash to your Woodforest® account from the Walmart® checkout.7

Learn More

52 Week Savings Challenge

Jump start your savings and commit to completing the 52 week challenge that's right for you!

Learn More

Savings Tools and Tips

Saving money is not always easy. Learn more about some of the ways to help you get started.

Learn More


Information accurate as of 10/21/2021.

1 Only one transfer fee will be assessed per day, regardless of the number of insufficient items. (See our Schedule of Fees). If there are not enough available funds to sweep at the time an item is presented for payment, an overdraft item fee or an insufficient item fee may be assessed. Certain accounts have limits to the number of debit transactions you can make within a statement period. Please refer to the Account Overview to determine whether transactional limits and fees apply.

2 Line of credit available only to qualifying customers. All loan products are subject to credit approval. Applicants must maintain a checking account with Woodforest. May not be available for all deposit account products.

3 If there are not enough funds available on the ReLi Line of Credit at the time an item is presented for payment, an overdraft item fee or an insufficient item fee may be assessed.

4 We pay overdrafts at our sole discretion, which means we do NOT GUARANTEE we will always authorize and pay any type of transaction. We are under no obligation to pay items when an account has insufficient funds, regardless if previous transactions were paid. When using our discretion to pay an insufficient item, we consider whether your account is in good standing. We may determine that your account is not in good standing by evaluating all aspects of your account activity; such as, whether you are making regular deposits, you have too many overdrafts, or your account has been overdrawn for thirty-five (35) days or more. If your account is no longer in good standing, whenever possible, transactions will only be authorized and paid if you have available funds in your account at the time of the transaction. Your account may be evaluated at a later time to determine whether your account returns to a good standing. However, if you have incurred what we deem to be an excessive amount of overdraft related fees, then your account(s) will no longer be considered for our Standard Overdraft Practices. As such, whenever possible, transactions will only be authorized and paid if you have available funds in your account(s) at the time of the transaction.

5 If you do not want us to consider any type of transaction for payment with Standard Overdraft Practices, you may Opt-Out by speaking with a Retail Banker or calling us at 1-877-968-7962.

6 (NSF) Insufficient item fees may be assessed more than one time per item, if the item is presented multiple times.

7 Transaction limits apply. Cash in at Checkout is not offered in Vermont. The service is offered in all other 49 states where Walmart is located. Please refer to Walmart's hours of operation. This service is not available at self-checkout. Other terms and restrictions apply to the service. Please see your account Terms and Conditions, a Retail Banker, or call 1-877-968-7962 for details.

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