Your overdraft options - the choice is yours

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Did you know that you can ask us to either decline debit card transactions or consider authorizing payments when you have insufficient funds in your checking account? Some people prefer to overdraw their account to let important payments post, and other people prefer to have their debit card declined. The choice is yours, and we want to help you understand the difference between the two options before you decide.

Debit Card Overdraft Services

Would you prefer us to authorize your every day debit card and ATM purchases when there are insufficient funds in your checking account? If so, you must opt-in to Debit Card Overdraft Services. This service allows Webster to authorize, at our discretion, purchases you want to make with your debit card when you have insufficient funds to cover those purchases. For this service, you will incur an overdraft fee. However, you should be aware that there is no guarantee that all of your over-balance debit card transactions will go through when you have insufficient funds.

Can I Overdraft Without Getting an Overdraft Fee?

Overdraft Protection Services

Do you want us to authorize transactions when you don’t have enough money in your account and avoid paying the overdraft fee? One of these two options might be right for you: 

1. Savings Overdraft Protection

With this service, your Webster savings and checking accounts are linked, and funds are automatically transferred to cover any shortfalls. There is a transfer fee for this service, depending on the type of checking account you have.

Premier Checking: No Transfer Fee (Waived)

Webster One Relationship Checking: $6.00 per transfer

All other checking accounts: $10.00 per transfer

2.  Overdraft Line of Credit

The second option is to apply for an overdraft line of credit. Upon approval, your over-balance checking transactions will be covered up to your credit limit. Interest charges and an annual fee apply. To learn about how these services work in more detail, please read: A Guide to Managing your Checking Account. You can always give us a call, visit us at a branch, or chat with us online to talk about adding these options.

Three Ways to Opt-In

1. Online: Log in and opt-in online.

2. In Person: Ask a banker when you visit your nearest branch.

3. Phone: Call us at 800-325-2424, 24 hours a day, 7 days a week to review your options.

What if I Don’t Opt-In?

If you prefer us to decline your debit card purchases when you do not have enough money in your account to cover it, you don’t have to do anything. This is the default option. Your over-balance purchases will be declined at the point of sale and you will not be charged an overdraft fee.  

Free Services to Help you Avoid Overdrawing your Account

Staying on top of your account balances is one of the best ways to protect yourself from unwanted overdraft fees. We have a variety of options to help including:  

Webster Online

Webster Online Banking is a valuable tool that helps you stay up-to-date on your account activity and balance, and guard against overdrafts. Plus, you can easily move money between your accounts with immediate transfers between Webster accounts, a one-time transfer or recurring future transfers.  

Mobile Banking

Mobile banking is another great option to check balances on the road or to make transfers or pay bills. You can also set up balance alerts so you can monitor your accounts with ease. Read about what you can do via your Smartphone and download our new app!  

Telephone Banking

Call 800-325-2424 to access your account information by phone, or for more information on our other services.  


The option is yours. To add to add any of these services to your account, give us a call at 800-325-2424, or visit us online or in a branch. We’re always happy to help you figure what works best for you and your unique situation. Thanks for being a loyal customer, and please let us know any questions in the comments below.


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General Disclosures

The opinions and views in this blog post are those of the authors, and are not intended to provide specific advice or recommendations for any individual. Please consult professional advisors with regard to your individual situation.