On the morning of each business day, we check your account to see if you received a direct electronic payment after the previous business day`s treatment. If we received a direct deposit until 9:00 a.m. .m local time your account is located (shown on your statement of account), we charge a new account balance containing current direct deposits, minus current debits. If this recalculated balance covers transactions that resulted in overdraft or non-financing fees (NSF) or transfers or advance fees during the night of the previous business day, we waive these fees or refund these fees. We can also overturn decisions on returned positions (insufficient resources/FN). Overdraft refund ® transfer or advance of funds from a linked Overdraft Protection account will not be cancelled. The bank receives most direct deposits via the ACH network before 9:00 .m. Direct deposits include your salary, pension, social security or any other regular monthly income that your employer or an external agency has deposited electronically through the AUTOMATED CLEARING (ACH) network.
Other deposits, such as cheques, cash transfers or bank transfers received after the payment of our night account, are not included as part of an overdraft refund®. When you deposit cheques from your place of business, you can improve cash flow and quickly get information while reducing the time, costs, risks and waste resulting from physically transporting cheque deposits. As a general rule, the funds held are available to you on the date indicated on your notice of deposit or on the proof of deposit. We inform you separately by us Postal Service or e-mail if the paid cheque is returned unpaid or if that date changes. Connect to Set Up Direct Deposit to create your custom direct payment form. Just select the account your deposits need to go to and we`ll fill out the form in advance with your routing number, account number and account type. This may be one or two periods of salary or benefits before the direct payment comes into effect. You can sign up for free notifications that you notify if a direct deposit is available on your account. All you have to do is sign up to set up alerts. Your payer may ask you to fill out your own form or provide a cancelled cheque to process your application.
. With the Wells Fargo Mobile app®, you can quickly and easily deposit cheques directly from almost anywhere at any time into your business account.