Q:

What is the Chase overdraft fee?

A:

Quick Answer

According to Chase Bank, the overdraft fee is $34.00 per item, as of October, 2014. An overdraft fee is charged if the item presented overdraws the account by more than $5 or the item is over $5.

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Full Answer

Overdraft fees are fees incurred when an item is presented and paid or returned because there are insufficient funds in the account. Chase charges an extended overdraft fee of $15 when an account is overdrawn for more than five business days in a row. Overdraft fees are waived if a deposit is made before the end of the business day and covers the overdrawn amount. Chase offers overdraft protection and will transfer money from another account to cover the overdraft. There is a $10 charge when money is transferred to cover an overdraft. This fee is waived if the overdrawn amount or the transaction amount is below $5.01.

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