Account overdrafts are often unexpected and occur while you’re going about your daily business. Based on your Wellby account type, you’ll have a range of overdraft protection services to rely on when the unexpected happens.
Overdraft Ease™ has you covered up to $20, based on account history and activity*, to help prevent overdraft fees. The balance will need to be repaid in full to ensure your account is returned to a positive balance.
Overdraft Protection allows you to link a Wellby Savings Account or a Line of Credit as a backup in case accidental overdrafts occur. When an overdraft occurs on your checking account, the exact amount needed to prevent the overdraft is transferred from your linked account with no additional transfer fee, ensuring enough funds are available. Overdraft Protection covers all transactions, including ACH, checks, ATM, and debit card purchases.
Our Overdraft Steward program covers potential overdraft transactions at Wellby’s discretion* (based on your account history, deposits you make, and the transaction amounts). Based on these criteria, Wellby may pay any overdraft transactions for a small fee per transaction. If Wellby does not pay your transaction, it will be declined or returned unpaid. Unpaid items may also be charged a fee for insufficient funds.
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Learn more about our overdraft protection services and how you can opt in today.