At times, unanticipated expenses or unforeseen problems can leave you with too little cash in your checking account. Having a check returned due to insufficient funds can be a costly, inconvenient, and potentially embarrassing experience.

At Woodsville Guaranty Savings Bank, we do not encourage overdrafts. As always, we encourage you to manage your finances responsibly. However, we want to save you from the additional merchant fees and possible damage to your credit history that might result if a check is returned. That’s why we offer not one, but three ways to handle overdrafts.


Automatic Transfer Service

Got a checking and savings account? Sign up for Automatic Transfer Service*—just in case!

In the event you overdraw your checking account, ATS saves you time and money by using the funds in your own savings account to cover the balance. Transfers are made in $10 increments for a $5 daily transfer fee. With ATS, you may be eligible to receive a Combined Monthly Statement of checking and savings account transactions.

Please call us or visit one of our offices to set up Automatic Transfer Service.

*For personal and sole proprietorship customers only.


Guaranty Line Overdraft Protection

Guaranty Line Overdraft Protection is a revolving loan (line of credit) that connects to your checking account and acts like a little safety net for your checking account, helping to protect you from embarrassing and costly overdrafts. The best part? You can open one in as little as 10 minutes at WGSB.**

Some features of Guaranty Line Overdraft Protection:

  • Automatic advances from credit line to checking account in multiples of $10.00.
  • An annual fee of $50.00.
  • Interest on the unpaid balance is subject to 2.00% per month with an APR of 24.00%.
  • You pay interest only on the amount used.
  • Minimum monthly payment is 5% of the outstanding balance or $10.00, whichever is greater.
  • Automatic payment of the minimum due saves you postage or a trip to the bank.

**WGSB personal checking account required. Subject to credit approval. Credit limits and fees apply.

Print an Application


Overdraft Privilege

Overdraft Privilege is a discretionary overdraft service provided automatically to all consumer checking customers of WGSB. It requires no action on your part and provides you a safety net up to an automatically assigned overdraft limit***.

Your Overdraft Privilege limit may be available for checks and other transactions made using your checking account number or automatic bill payment and recurring debit card payment. 

Also, at your request, we may authorize and pay ATM transfers or withdrawals and everyday debit card purchases using your limit. 

Find out more about Overdraft Privilege, including fees, service restrictions, repayment requirements, and "good standing" criteria.

Learn More


***Your Overdraft Privilege limit may be available to approve overdrafts for checks, automatic bill payments, recurring debit card payments and other transactions made using your checking account number. At your request, we may authorize and pay ATM and everyday debit card transactions using your limit. If an overdraft is approved, you may be assessed our Overdraft Fee of $30 for each item. All negative balances must be brought positive within 30 calendar days. Woodsville Guaranty Savings Bank reserves the right not to pay if the account is not kept in good standing. Please speak with a customer service representative for more details.