Standard Overdraft Practices (1)
Included(2)
- Checks and other transactions made using your checking account number
- Automatic Payments (ACH items)
Not Included
- ATM transactions
- Everyday debit card transactions
Fees
- One (1) $32 overdraft (OD) 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 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.
Additional Overdraft Management Plans
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Link to a Secondary Account 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®)(4) We offer two ReLi® options - Unsecured and Secured. Both can be linked to your primary account, upon credit approval, to protect you against overdraft item fees by allowing available ReLi® funds(5) to be automatically transferred into the primary account when items are presented that would cause an overdraft to occur. |
Managing Your Account
Additional Information About Our Overdraft Services
Frequently Asked Questions
Additional Personal Banking Benefits
Deposit Interest Rates
Woodforest provides its customers with up-to-date deposit interest rates.
Managing Your Account
Discover tips and tools for managing your account, including overdraft protection options.
Financial Tools
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(1) 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.
(2) 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.
(3) When automatic transfers occur from a checking or savings account (also known as a "sweep"), 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 funds to sweep at the time an item is presented for payment, an overdraft 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.
(4) 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.
(5) 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 may be assessed.
