How does Wells Fargo's overdraft protection work?

@marion.bernhard 

Wells Fargo's overdraft protection is a service provided to help customers avoid insufficient funds in their accounts, preventing their transactions from being declined or returned. Here's how it works:

1. Eligibility: Wells Fargo offers overdraft protection to customers who have a checking account along with an eligible savings account, credit account, or line of credit.
2. Linking accounts: To enroll in overdraft protection, you need to link your checking account with the eligible account(s). This allows funds to be automatically transferred from the linked account(s) to cover any overdraft transactions or balance shortfalls.
3. Transfer order: Wells Fargo has a specific order for initiating transfers to cover overdrafts. First, available balances from your savings account(s) are used to cover the overdraft. Next, if there's still a shortfall, a transfer is initiated from a linked credit account or line of credit to cover the remaining balance. It's essential to note that this transfer order may vary depending on the type of overdraft protection you have.
4. Transfer fees and interest: Wells Fargo may charge a transfer fee for each overdraft transfer made from a linked savings account, credit account, or line of credit. Additionally, if the transfer is made from a credit account or line of credit, interest may apply to the amount transferred until it is repaid.
5. Overdraft limit: Your overdraft protection limit is typically determined by your creditworthiness and the type of overdraft protection you've chosen. Each transfer made to cover an overdraft is subject to the available funds and the limit of your linked accounts.
6. Monitoring and notifications: Wells Fargo provides various tools and notifications to help you manage your account balances. This includes monitoring your accounts through online banking, mobile banking, and receiving alerts to track your available balance, potential overdrafts, and account activity.

It's important to review Wells Fargo's specific terms and conditions for overdraft protection, as they may vary depending on the account type and individual agreement.