An overdraft occurs when you do not have enough money available in your account to cover a transaction, but we pay it anyway.
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 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
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 (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 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
Managing Your Account
Set up Low Balance Alerts
Account Management Tips
Digital Banking Services
Additional Information About Our Overdraft Services
What You Need to Know about Overdrafts and Overdraft Fees (PDF)
Consumer Overdraft Services and Frequently Asked Questions (PDF)
FAQs
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.
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
A $32 Fee will be charged for each OD item that processes against your account, up to a maximum of 3 OD fees per day. There is no charge for NSF item(s) that are returned unpaid. The Bank will only charge you up to 3 OD fees per day, and if an item overdraws your account less than $1, no OD fee is charged. No OD 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.
- Call the automated telephone system at 1(866) 226-5724
- Log in to Online Banking
- Use our Mobile App
- Set up Online Banking Alerts
- Use a Woodforest ATM
The best way to avoid OD fees or having them returned 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 Woodforest | Examples of Associated Fees* |
| Good Account Management | $0 |
| Account Sweep | $5.00 transfer fee |
| Line of Credit (ReLi) Unsecured | 16.99% APR** |
| Line of Credit (ReLi) Secured | 7.99% 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.6
52 Week Savings Challenge
Jump start your savings and commit to completing the 52 week challenge that's right for you!
Savings Tools and Tips
Saving money is not always easy. Learn more about some of the ways to help you get started.
Information accurate as of 08/01/2022.
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 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 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 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.
Contact us!
 | 1-877-968-7962 (toll-free) 1-866-553-0541 (toll-free) |
 | General Inquiries: |
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Equal Opportunity Employer
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