Overdraft

Life is unpredictable, and sometimes unexpected expenses pop-up when there aren't enough funds in your account to cover them. Don't worry - we've got your back. Our overdraft options were designed to help you avoid late fees, check bounces, or embarrassment at the register. See which option is right for you! 

 

Overdraft Protection

Use your additional Webster First accounts to cover insufficient funds on checks, electronic and debit transactions, and ATM withdrawals. If funds to cover the transaction are available in a linked account, they will be pulled from that account. If not, the transaction will be declined (unless opted into Overdraft Privilege.)

  • No fee
  • No limit
  • Offered to protect any accounts you choose

To enroll, visit your local branch.

 

Overdraft Privilege

Let Webster First temporarily cover insufficient funds on checks, electronic and debit transactions, and ATM withdrawals (up to $500) with no interest added. All overdrafts and fees must be repaid within 30 days*.

  • $30 fee per transaction
  • $500 coverage limit
  • Available after 90 days of membership
  • All overdrafts and fees must be paid back within 30 days to maintain eligibility

Enrollment is automatic for check drafts and ACH (electronic) transactions. You must opt in to receive Overdraft Privilege for ATM withdrawals and one-time debit purchases. Click here to complete an Overdraft Privilege opt in form or visit your local branch to enroll.

Click here to view our Overdraft Privilege Disclosure.

 

Overdraft Protection Line of Credit

Our Overdraft Protection Line of Credit offers a minimum $500 line of credit, potentially up to $10,000, depending upon approval. Approval is based upon your credit history.

The Overdraft Protection Line of Credit kicks in when you need it most. If you overdraw your enrolled checking account, the Overdraft Protection Line of Credit will search your other accounts for funds. If no funds are found, the Line of Credit will activate to cover your purchase, bringing your enrolled checking account's balance down to zero and your Line of Credit's balance up to the amount needed to cover the purchase. Your Overdraft Protection Line of Credit will then accrue interest from the day it was drawn upon. Your monthly payment will be based upon the principle.

With our Overdraft Protection Line of Credit, there are no insufficient funds or account sweep fees. You simply pay a set interest rate on the balance of your line. Your exact interest rate will be determined by your credit history.

Applications for our Overdraft Protection Line of Credit can be made online, at one of our local branches, or by phone. If you'd like to apply by phone or speak with a member service representative for more information, call us at 800.962.4452.

Apply Now >

 

*Terms & Conditions apply.

Helpful Links