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Mitchel holds a Bachelors of Business Administration in Finance from The Goizeta School of Business at Emory University and a Masters of Business Administration from The Haas School of Business at The University of California.
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Updated July 2026.
Short answer: TOT ODP SWP CR MEMO on a Chase statement means Chase moved money into your checking account (a credit) from linked savings to cover an overdraft under Overdraft Protection. It is usually not fraud. The twin debit on savings is often labeled TOT ODP SWP DR MEMO.
Seeing CR MEMO does not automatically mean the $34 overdraft fee already posted. It means the sweep happened. You can still owe fees if checking stays overdrawn beyond Chase Overdraft Assist rules. This guide decodes the code, shows CR vs DR, and covers what to do next.
What does TOT ODP SWP CR MEMO mean?
TOT ODP SWP CR MEMO means money was automatically swept into checking from a linked Chase savings account to cover or reduce an overdraft. Related wording also appears as an ODP transfer to checking. The matching savings debit is explained here: TOT ODP SWP DR MEMO.
| Code | Plain-English meaning |
|---|---|
| TOT | Temporary Overdraft Transaction |
| ODP | Overdraft Protection (linked savings backup) |
| SWP | Sweep (bank move between accounts) |
| CR | Credit (money entered this account) |
| DR | Debit (money left this account) |
| MEMO | Memo / description line on the statement |
Be aware of TOT ODP SWP CR MEMO variations
Chase (and statement exports) format the same event differently:
TOT ODP SWP CR MEMOTOT ODP/SWP CR MEMOTOT ODPSWP CR MEMOTOT ODPISWP CR MEMOpending tot odp swp cr memo
Treat them the same: a checking credit from an ODP savings sweep. If you only see the savings side, jump to the DR memo guide.
TOT ODP SWP CR MEMO vs DR MEMO
| Question | CR MEMO | DR MEMO |
|---|---|---|
| Where you see it | Usually checking | Usually savings |
| What happened | Funds entered checking | Funds left savings |
| Should you panic? | Not fraud by itself | Not fraud by itself |
| Fee risk | Fee risk lives on checking if still overdrawn | Sweep itself is typically free; OD fees can still hit checking |
| Deep dive | This page | DR memo guide |
Reasons you’re seeing TOT ODP SWP CR MEMO
You usually see CR MEMO because:
- Your Chase checking and savings are linked for Overdraft Protection,
- A debit card purchase, bill pay, or check would have overdrawn checking (within Chase’s discretionary limits),
- Chase paid the item and swept available savings into checking,
- Checking got the CR credit and savings got the matching DR debit.
Enrollment in Overdraft Protection is free, and Chase says there is no fee for the protection transfer itself when savings covers the shortfall. ATM cash withdrawals are generally not eligible for Overdraft Protection the same way everyday debits and checks can be.
How much can TOT ODP SWP CR MEMO cost you?
CR MEMO is typically not the fee line. The fee risk is a Chase Overdraft Fee if checking stays too far underwater after processing:
- $34 Overdraft Fee per qualifying transaction
- Max 3 fees per business day ($102)
- No Overdraft Fee for transactions of $5 or less
- No Overdraft Fee if you are overdrawn by $50 or less at the end of the business day (Chase Overdraft Assist)
If savings fully covers the shortfall, you may avoid the $34 fee for that item. If savings only partly covers it and checking ends the day overdrawn by more than $50, fees can still apply.
What to do if you see a TOT ODP SWP CR MEMO charge
- Confirm both sides. Find the checking CR memo and the savings DR memo (or ODP transfer). Match the dollar amount.
- Check available balance on checking. Pending holds and unavailable deposits can still leave you overdrawn for fee purposes.
- Move money before the Assist deadline. Branch/ATM deposit, mobile check deposit, or an incoming transfer that posts in time. If you already ended the prior day overdrawn by more than $50, aim to get to $50 or less overdrawn by the next-business-day cutoff.
- Turn on low-balance alerts. Chase can text/email when you are close to $0.
- Review overdraft settings. Keep the savings link, change Debit Card Coverage, or opt out if you prefer declines over fees.
Need a small bridge while you wait on a deposit?
Need cash before the cutoff? Eligible users can check a cash advance while you fix Chase settings.
How to avoid future TOT ODP SWP CR MEMO fees
- Keep a checking cushion above your usual bill stack.
- Set Chase alerts for low balances and large payments (Chase alerts).
- Review Debit Card Coverage so everyday debit purchases decline instead of paying into overdraft if that fits you (Debit Card Coverage).
- Consider opting out of paid overdrafts if you would rather see declines than $34 fees (overdraft preferences).
- Use a backup cash source for true emergencies. Compare options in the cash advance directory.
Cash buffer options if you are short today
If a $34 (or $102) fee is the alternative, a small advance can be cheaper if you qualify and repay on your next paycheck:
- Albert Instant: no monthly subscription required for Instant Advance; limits depend on eligibility. Get Albert
- Cleo: advances up to $250 for eligible users. Get Cleo
- PockBox: compare personal loan offers when you need more than a small advance (often up to $2,500+).
Cash advances and loans are not free money. Compare fees before you borrow just to dodge a bank fee.
FAQ: TOT ODP SWP CR MEMO
What is TOT ODP SWP CR MEMO on Chase?
It is Chase’s memo for a Temporary Overdraft Protection sweep credit, usually into checking from linked savings.
Is TOT ODP SWP CR MEMO a scam or fraud?
Usually no. It is a bank-generated memo for an automatic transfer tied to Overdraft Protection. Verify the amount matches what entered checking and left savings.
What is the difference between CR MEMO and DR MEMO?
CR means credit (in), usually on checking. DR means debit (out), usually on savings. Same sweep, opposite sides. See the DR memo article.
Does TOT ODP SWP CR MEMO mean I was charged an overdraft fee?
Not by itself. The memo marks the checking credit from the sweep. A separate $34 Overdraft Fee can still post if you remain overdrawn beyond Chase Overdraft Assist rules.
What does pending TOT ODP SWP CR MEMO mean?
The sweep is in process or waiting on nightly posting. Balances can look wrong until Chase finishes end-of-day processing. Recheck after the next business day’s cutoff.
Can I get rid of a TOT ODP SWP CR MEMO charge or fee?
You cannot usually “delete” the memo for a real sweep. You can sometimes get a courtesy refund of a separate overdraft fee by calling Chase. There is no guarantee.
How do I stop Chase from doing ODP sweeps?
Change overdraft preferences, adjust Debit Card Coverage, or unlink savings from Overdraft Protection. Declines may replace paid overdrafts.
What if I see tot odp/swp or tot odpswp instead?
Those are formatting variants of the same Overdraft Protection sweep memo. Treat them like TOT ODP SWP CR/DR MEMO.
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Related Chase ODP guides
- TOT ODP SWP DR MEMO (savings-side debit)
- ODP transfer to checking
- Chase overdraft fee limits and protection
- Cash advance directory
Mitchel holds a Bachelors of Business Administration in Finance from The Goizeta School of Business at Emory University and a Masters of Business Administration from The Haas School of Business at The University of California.
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