Does Chase charge you $34 everyday for an overdraft? Or every month? This question is about the Chase Total Checking

Does Chase charge you $34 everyday for an overdraft? Or every month?

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This question is about the Chase Total Checking

WalletHub, Financial Company

@WalletHub • 08/30/18 This answer was first published on 01/08/16 and it was last updated on 08/30/18.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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Chase will charge you a fee of $34 each time you overdraw your account by more than $5. And once your account is overdrawn by that much, making additional purchases will result in more overdraft fees: $34 each time, no matter how small the transaction is. You can be charged a maximum of 3 Chase overdraft fees per day. But those fees will be refunded if your account balance is overdrawn by $5 or less at the end of the business day on which the overdraft occurs.
However, if your account is overdrawn for 5 consecutive business days, even by $5 or less, a $15 “extended overdraft fee” will be assessed.

For more information, including how to avoid fees, check out WalletHub’s article on overdraft protection.

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Diana Fincher, Member

@fincher_diana • 02/15/18 This answer was first published on 02/15/18. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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You'll get the fee every time you overdraw, but it's not like an interest rate.

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How does overdraft work?

Academy Bank authorizes and pays overdrafts for the following types of transactions based on the length of time your account has been open: (1) checks and other transactions made using your checking account number such as ACH direct debits and (2) automatic bill payments. The bank will not authorize and pay overdraft for the following types of transactions unless you ask to: (1) ATM transactions and (2) everyday debit card transactions. If you want Academy...

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