What is Washington Mutual's overdraft policy?

Washington Mutual, known for its customer-focused banking services, has a specific overdraft policy designed to assist account holders in managing their finances. An overdraft occurs when there are insufficient funds in the account to cover a transaction, which may result in a negative balance. Washington Mutual provides options for overdraft protection, allowing customers to avoid obtaining overdrafts or incurring fees. One potential option for customers is linking a savings account to their checking account. In such cases, when a transaction exceeds the available balance, funds can automatically transfer from the linked savings account to cover the shortfall, thereby avoiding an overdraft fee. Another option includes a line of credit that can be accessed when the checking account balance falls short. Customers may also opt for standard overdraft coverage, which can cover occasional, unintentional overdrafts. However, this coverage may involve fees that can vary depending on the transaction type. For precise details about fee structures, limits, and any applicable terms related to overdraft protection, it is advisable for customers to review the information available on Washington Mutual's official website. This resource will provide the latest information and guide customers looking for specific assistance regarding their accounts.