Quasi-classical trajectory (QCT) and RRKM-SSA calculations are carried out to gain insight into the dynamics of the title reaction. The barrier-less initiation step in this system is governed by the capture probability in the entrance channel to form an energized adduct once the centrifugal barrier is surmounted. The dynamics of the title reaction on its lowest doublet electronic state is studied at the DFT level of MPWB1K/6-31++g(2df,2p). An iteratively modified Shepard interpolation technique implemented in the GROW program suite was used to construct a global potential energy surface for the title reaction. The total and individual cross sections for the main products and corresponding reaction probabilities as a function of initial collision energy ranging from 0.4 kJ mol-1 to 52.5 kJ mol-1 are calculated. These data are used to calculate the total rate constant for the title reaction by means of collision theory. Our calculated QCT rate constant is compared with the calculated rate constant from RRKM-SSA method at the CCSD(T)/Aug-cc-pVTZ//MP2/6-31++g(2df,2p) level. The energy partitioning for the main products CH2O + H and HCOH + H and also for the reactants after nonreactive collisions as a function of initial collision energy are discussed.