Paying overdraft fees can put a real pinch on your bank account, but there are a few things you can do to dodge them. Here are several tips to avoid overdraft fees altogether.

    Read the Fine Print

    Before you choose a bank account, it’s important to check the bank’s terms and conditions, especially when it comes to fees. While banks are no longer allowed to automatically charge overdraft fees without your consent , it’s easy to opt in for overdraft protection without realizing it. Don’t get caught off guard with “protection” you may not need.


    For years, many consumers were unaware that they were being “opted in” to overdraft protection programs. However, starting in 2010, federal regulations shifted and required that banks get consumers’ consent to opt into overdraft protection .

    To make things simple, however, you can avoid overdraft protection by not signing up for it with your bank. If you’re currently enrolled in this service, you can cancel it. This way, if you don’t have enough in your account, your purchase or transaction will get declined. While you won’t be able to make the purchase, you also won’t be hit with an overdraft fee.

    Don’t Be Afraid To Ask Your Bank to Waive The Fees

    If you were recently charged an overdraft fee, don’t be afraid to ask the bank to waive it. If you’re a “first-time offender,” your bank should be able to waive the fees within a few business days.

    Get Paid Earlier With Direct Deposit

    One reason that people experience overdraft charges is that they don’t get paid quickly enough. You may even still deposit paper checks and wait for the checks to clear before you see your money. Both of these scenarios can inhibit your ability to budget and can lead to overdraft fees.

    With Chime’s early direct deposit feature , you can get paid up to 2 days earlier¹ than traditional banks. Your money is available when your employer sends the funds, giving you peace of mind.

    Check Your Balances Regularly

    One major issue with traditional banks is that it takes time for transactions to update in the mobile banking app. Choosing an innovative account option like Chime, however, speeds up the transaction process. Chime provides you with real-time alerts for each transaction, allowing you to stay on top of your finances.

    Double-Check Your Budget

    If your account is going into overdraft regularly, it may be time to evaluate whether this is highlighting an issue such as overspending. In some cases, it can mean that it’s time to tighten the purse strings and go on a spending diet. You can also consider looking into budgeting apps to get some extra support.

    Build Up Your Emergency Fund

    Some people end up overdrafting when an emergency pops up. However, as a reminder, having overdraft protection is not the same as having an emergency fund . When an unexpected expense occurs, the last thing you’ll want to do is shell out money for banking fees.

    How much should you set aside? A good rule of thumb is to save 3 to 6 months of living expenses in your emergency fund. Your fund should also be kept separate from your regular checking and savings accounts.

    Switch to a Fee-Free Account

    The best way to avoid hidden fees altogether is to switch to an account with no hidden fees²  like Chime. With an account through Chime, you don’t have to worry about incurring fees for insufficient funds. Instead, any payments or withdrawals that would result in a negative balance are simply rejected.

    As you can see, the less you have to worry about fees, the more you can focus on building the lifestyle of your dreams. Are you ready to take charge of your finances and stop paying overdraft fees?

    Can I overdraft my Chime card without direct deposit?
    If you do not have a direct deposit set up with your Chime account, there's no way you'll be able to overdraft. Even if you want to be a part of the SpotMe service, you'll need a direct deposit with your account for eligibility for its program. more
    Can you overdraft Coinbase card?
    No overdraft/credit feature. more
    Is Chime a prepaid card?
    No, Chime is not a prepaid card. When you open an account online through Chime, you get a Checking Account, a Visa debit card, and an optional Savings Account. Chime's debit card is linked to your bank account and a prepaid card is not. more
    Can you overdraft a Chime card with no money?
    Chime and its banking partners are not like most banks. We believe in having our member's backs and will allow you to overdraft up to $200* without charging a fee. We also do not require you to link your Savings Account to your Checking Account or charge you a fee to participate in SpotMe. more
    Can I overdraft my Chime card for gas?
    In general, you can't overdraft your Chime account without using Chime SpotMe. Instead, if you have insufficient funds in your account, your transaction will be declined if you haven't enrolled in Chime SpotMe. more
    Does KFC pay direct deposit?
    Yes they do. Yes, they do offer a direct deposit to a bank account or with direct deposit to a paycard. more
    Does MetaBank do direct deposit?
    Get Paid up to 2 Days Faster¹ with Direct Deposit Now you can stop waiting in lines to cash paper checks. more
    How soon can I overdraft my Chime card?
    Chime has no limits set on the number of times you can overdraft your account. It can be once or 20 times, as long as it is within your SpotMe® limit. If a purchase exceeds that limit, it will be declined. You can easily keep up with the amount of SpotMe® cash you have left through the Chime app. more
    Does Grubhub pay direct deposit?
    Grubhub and Seamless offer restaurants the option to receive payments through direct deposit or check. By default, restaurants are paid by monthly check. We recommend setting up direct deposit to receive your payments more quickly. more
    Can I overdraft my Chime card?
    Unlike traditional banks, Chime allows eligible members to overdraw up to $100* without charging a fee. more
    Can I overdraft myWisely card?
    Wisely ® Pay Fees There are no overdraft fees because we will not allow you to overdraw your card. There are no minimum balance fees. There are no monthly fees or annual fees. However, an inactivity fee may be assessed on a monthly basis after 90 days of inactivity. more


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