Overdraft and Overdraft Fee Information for Your Chase Checking Account

What You Need to Know About Overdrafts and Overdraft Fees

An overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay it anyway.

Whether your account has enough money to cover a transaction is determined during our nightly processing.

During our nightly processing, we take your previous end of day’s balance and post credits. If there are any deposits

not yet available for use or holds (such as a garnishment), these will reduce the account balance used to pay your

transactions. Then we subtract any debit transactions presented during our nightly processing. The available

balance shown to you during the day may not be the same amount used to pay your transactions as some

transactions may not be displayed to you before nightly processing.

We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize or pay any

transactions presented for payment. If we do not authorize an overdraft, your transaction will be declined. If we

do not pay an overdraft, your transaction will be returned.

Additional information about overdrafts and your account

features can be found in the Deposit Account Agreement.

We can cover your overdrafts in three different ways:

We have a Standard Overdraft Practice that comes with your account.

We offer Overdraft Protection through a link to a Chase savings account, which may be less expensive than our

Standard Overdraft Practice. You can contact us to learn more.

We also offer Chase Debit Card Coverage

, which allows you to choose how we treat your everyday debit card

transactions (e.g. groceries, gasoline or dining out), in addition to our Standard Overdraft Practice.

This notice explains our Standard Overdraft Practice and Chase Debit Card Coverage.

•

What is the Standard Overdraft Practice that comes with my account?

We do authorize and pay overdrafts for the following types of transactions:

•

Checks and other transactions made using your checking account number

•

Recurring debit card transactions (e.g. movie subscriptions or gym memberships)

•

What is Chase Debit Card Coverage?

If you enroll in Chase Debit Card Coverage we may authorize and pay overdrafts for everyday debit card

transactions (e.g. groceries, gasoline or dining out) in addition to our Standard Overdraft Practice.

•

What fees will I be charged if Chase pays my overdraft?

If we authorize and pay an overdraft, we’ll charge you a $34 Overdraft Fee per transaction during our nightly processing

beginning with the first transaction that overdraws your account balance by more than $50 (maximum of 3 fees per business

day, up to $102).

We won’t charge you an Overdraft Fee in the following circumstances:

•

With Chase Overdraft Assist

, we won’t charge an Overdraft Fee if you’re overdrawn by $50 or less at the end of the

business day OR if you’re overdrawn by more than $50 and you bring your account balance to overdrawn by $50

or less at the end of the next business day (you have until 11 p.m ET (8 p.m PT) to make a deposit or transfer).

Chase Overdraft Assist does not require enrollment and comes with eligible Chase checking accounts.

•

We won’t charge an Overdraft Fee for transactions that are $5 or less.

•

We won’t charge an Overdraft Fee if your debit card transaction was authorized when there was a sufficient

available balance in your account.

•

For Chase Sapphire

Checking and Chase Private Client Checking

accounts, there are no Overdraft Fees when

item(s) are presented against an account with insufficient funds on the first four business days during the current and

prior 12 statement periods. On a business day when we returned item(s), this counts toward the four business

days

when an Overdraft Fee will not be charged.

03/24

JPMorgan Chase Bank, N.A. Member FDIC

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