Under Chase’s standard overdraft practices, Chase will charge you a $34 insufficient funds fee per item if it pays for you unless your Chase account balance is overdrawn by $5 or less at the end of the business day, or for items that are $5 or less.Ĭhase Overdraft Fee Daily Maximum/Limit: $102. What are the Chase Overdraft Fees and Policies? Why? The fee is used to cover the cash they had to basically front you because there wasn’t enough in your account to make the transaction. It’s the digital way of paying with cash, and because the bank knows you have those funds, they don’t charge you (unless it’s an international transaction).īut, when you don’t have sufficient funds in your account and try to purchase something, banks like Chase have to charge you an overdraft fee. Usually, when you use your Chase debit card, you’re not charged to use it because it’s withdrawing funds you actually have in your checking account.
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