Chase Bank overdraft limit and fees explained

## Understanding Chase Bank's Overdraft Policies An **overdraft** occurs when you spend more money than you have in your checking account. Banks typically cover the shortfall, allowing the transaction to go through, but they charge a fee for this service. Overdrafts can happen with checks, debit card transactions, and automatic bill payments. ### Standard Overdraft Coverage Chase provides [overdraft coverage](https://www.chase.com/personal/checking/overdraft-services) for: - Checks - Automatic bill payments - Recurring debit card transactions - ACH withdrawals ### Overdraft Limits and Fees The exact overdraft limit varies based on several factors: - Account type - Account age - Average daily balance - Deposit history - Account standing While Chase doesn't publicly disclose specific limits, most accounts typically receive limits between $200 and $500, though premium accounts may qualify for higher limits. #### Fee Structure - **Overdraft Fee**: Chase charges $34 per overdraft item. This fee is charged for each transaction that overdraws your account by more than $50. - **Maximum Daily Fees**: Chase limits overdraft fees to three per day, meaning you could be charged up to $102 in a single day. - **Extended Overdraft Fee**: If your account remains overdrawn for more than five consecutive business days, Chase charges a $15 fee every 5 business days until the account returns to a positive balance. - **Insufficient Funds Fee**: If a transaction is returned unpaid, Chase may charge a $34 insufficient funds fee. ### Chase Bank's Overdraft Services 1. **Standard Overdraft Practice**: The default service where Chase may authorize and pay overdrafts for checks and other transactions made using your checking account number. 2. **Overdraft Protection**: Links your checking account to another Chase account, such as a savings account, to cover overdrafts: - Automatic transfers occur when checking account is overdrawn - $10 transfer fee per day when transfers occur - Must have sufficient funds in savings account 3. **Debit Card Coverage**: Optional service for authorizing overdrafts on everyday debit card transactions. ### Grace Period Chase provides a grace period until the end of the business day to deposit funds and avoid overdraft fees. The cutoff times are: - Branch closing time for in-person deposits - 11 PM ET for Chase ATM deposits - 11 PM ET for mobile check deposits ### How to Avoid Overdraft Fees 1. Set up account alerts through the [Chase Mobile® app](https://www.chase.com/digital/mobile-banking) 2. Monitor your account balance regularly 3. Maintain a buffer amount in your checking account 4. Link to a savings account for overdraft protection 5. Consider opting out of debit card coverage 6. Use Chase's account alerts to notify you when your balance is low ### Overdraft Fee Refunds If you believe you've been charged overdraft fees in error, you can: 1. Contact Chase customer service at 1-800-935-9935 2. Visit a local branch 3. Send a secure message through online banking Remember that overdraft policies and fees can change over time. Check Chase's [current fee schedule](https://www.chase.com/content/dam/chase-ux/documents/personal/checking/ABSF-en.pdf) for the most up-to-date information.

Chase Bank overdraft limit and fees explained

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