
Just deposit or transfer funds into your account to cover the payment before the business day ends. If you overdraw your account, you can avoid the overdraft fee.
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How to set up debit card coverage on Chase Mobile ® App: This service covers everyday debit card transactions only (such as groceries, gasoline or dining out). This fee will vary based on your account history, deposits you make and transaction amount.

Select "Yes" - Chase may cover this transaction and charge a fee.Select "No" - the purchase will be declined and you won't be charged a fee.If you're purchasing an item and you don't have enough funds in your account, you can choose "Yes" or "No." Debit Card CoverageĬhase offers Debit Card Coverage for everyday debit card transactions. Review the Overdraft Protection Service Terms & Conditions and select your agreement.Choose the savings account as the Overdraft Protection backup account for your checking account.Select the checking account you want to have Overdraft Protection.How to set up Chase overdraft protection on Chase Mobile ® App:


However, when there isn't enough money in your linked Chase savings account then you'll be charged an overdraft fee. This service covers all transactions, including everyday debit card transactions. If your checking account doesn't have enough funds to cover the purchase but your savings account does, you can transfer that amount into your checking account. Overdraft ProtectionĬhase's overdraft protection feature lets you link your Chase savings account to your checking account. To help out checking account holders, Chase offers two main overdraft services: overdraft protection and debit card coverage. Overdraft fees are one of the biggest and most frustrating charges for banking customers.

You should research a bank's overdraft policy before signing up for a checking account. In addition, you're required to repay the overdraft amount.įor example, you can overdraw in ATM transactions, automatic bill payments, and electronic or in-person withdrawals.īanks and credit unions have different fees for overdraft protection. Many banks and credit unions will charge you a fee for covering the transaction. And your bank or credit union pays the transaction for you. What is an overdraft?Īn overdraft is when you don't have enough money in your account to cover a purchase, check or payment. Take a look at how to get rid of overdraft fees once and for all. Once you're enrolled, Chase will transfer money from your savings to cover an overdraft in your checking balance. The easiest way to avoid overdraft fees is to sign up for Chase overdraft protection.
