How much can I overdraft my checking account

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Before looking at the overdraft fees and limit of your bank, check out these apps

PockBox

Get it now

PockBox is the perfect app to top up your checking account (with up to $2,500) and use the money to buy stuff online. The process is sleek and straightforward. You will just have to give some information about yourself.The PockBox app should then connect you to the best lender possible and approve you in a matter of minutes.

LoanSolo

Get it now

LoanSolo lets you borrow small amounts of money – between $100 and $1,000 – and will be great if you need to buy something (small) online using your checking account but you don’t have enough money right now.The process is quick, online and if approved, you will get your money by tomorrow. It is very straightforward and doesn’t require much for you to do, except providing regular personal information.

How much are bank overdraft limits and fees?

Bank of America overdraft limit

6 per day
$35 per transaction.
Bank of America overdraft coverage lets you connect another account to your checking account in case your main account is out of funds. They might charge transfer fees in some cases.

Bank of the West overdraft limit

4 per day
$35 per transaction.
$30 extra charge if your account balance is below zero for 6 days.
Overdraft protection lets you connect another savings or money market account to your checking account in case your main account is out of funds. Transfers are charged with fees and they are made in chunks of $50 only.
Gold Line Account: Special overdraft line of credit is available.

BMO Harris Bank overdraft limit

4 per day
$35 per transaction. But it can be waived if the overdraft is under $5 at the end of the day.
Connect a deposit account to your checking account for automatic coverage when you are out of funds. Fees may apply for each transfer.
Special overdraft protection line of credit is available.

Chartway Federal Credit Union

Unlimited
$35 per transaction, but you can waive the fee if the overdraft is under $10 at the end of the day.
Connect a savings or another checking account to your main checking account for automatic coverage when you are out of funds. However, each transfer will cost you $6.
Special overdraft line of credit is available.

Chase Bank overdraft limit

3 per day
$34 per transaction.
Overdraft protection lets you connect a savings account to your checking account in case your main account is out of funds. You will pay a fee for each transfer.

Citi Bank overdraft limit

4 per day
$34 per transaction.
Connect a savings account to your checking account in case your main account is out of funds. You will pay a fee for each transfer.
Checking Plus: special overdraft line of credit is available.

Connexus Credit Union overdraft limit

$300
$29.95 per transaction.
Maximum limit of $300 total.
Overdraft protection lets you connect a savings account to your checking account in case your main account is out of funds. You will pay a fee for each transfer.
Overdraft line of credit is available.

Fifth Third Bank overdraft limit

5 per day
$37 per transaction. However, you can waive the fee if the overdraft is under $5 at the end of the day.
Overdraft protection lets you connect a savings account to your checking account in case your main account is out of funds. You will pay a fee of $12 for each transfer.

First National Bank overdraft limit

4 per day
$28 per transaction, but you can waive the fee if the overdraft is under $20 at the end of the day.
Overdraft protection lets you connect a savings account to your checking account in case your main account is out of funds. $5 transfer fee is included.
Overdraft line of credit is available.

HSBC overdraft limit

$10 per day
The limit is $10 per day and it’s available only for customers who opt in the Select Credit overdraft coverage program.
If you don’t opt in the Select Credit program, your transactions will be declined when the account balance reaches $0.

KeyBank overdraft limit

4 per day
$39 per transaction.
Overdraft protection lets you connect any KeyBank account to your checking account in case your main account is out of funds.
Overdraft line of credit is available.

M&T Bank overdraft limit

5 per day
$38.5 per transaction. But you can waive the fee if the overdraft is under $5 at the end of the day.
Connect a savings account or a Visa credit card to your checking account for automatic coverage when you are out of funds. A $12.5 fee applies for each transfer.
M&T Bank overdraft policies will change significantly for some accounts in the second quarter of 2022, the bank recently announced. This includes reducing the overdraft fee to $16, capping fees at one per day, and eliminating NSF fees.

Navy Federal CU overdraft limit

3 per day, $500 per day
$20 per transaction. However, you can waive the fee if any transaction is under $5, and if the total overdraft is under $20 at the end of the day.
Connect a savings account to your checking account for automatic coverage when you are out of funds. However, you can use it only 6 times per month.

PenFed Credit Union overdraft limit

Unlimited
$30 per transaction.
A dedicated line of credit is available.

PNC Bank overdraft limit

4 per day
PNC overdraft fees are $36 per transaction. Additionally, there is an extra fee of $7 per day in negative balance (5 days max).
Connect any other of your PNC accounts to the checking account for automatic coverage when you are out of funds.

Regions Bank overdraft limit

6 per day
$36 per transaction.
Overdraft protection lets you connect any of your Regions Bank account to the checking account in case your main account is out of funds. You will pay a $15 fee per day of transfer.

Truist Bank overdraft limit

6 per day
$36 per transaction, but you can waive the fee if the overdraft is under $5 at the end of the day.
Connect any of your other SunTrust accounts to your main checking account for automatic coverage when you are out of funds. However, you will pay a $12.5 fee for each day of transfers.

TD Bank overdraft limit

5 per day
$35 per transaction, but you can waive the fee if the overdraft is under $5 at the end of the day.
Connect a savings account to your main checking account for automatic coverage when you are out of funds. However, a $10 daily fee applies.

U.S. Bank overdraft limit

4 per day
$36 per transaction.
Connect any backup account to your main checking account. $12.50 daily fee for Standard accounts, $7.50 for Gold accounts, for Platinum accounts its free of charge.

Wells Fargo overdraft limit

4 per day
$35 per transaction.
You can connect 2 backup funding accounts to your main checking account. Transfer fees are charged daily.

Instead of figuring out how much can you overdraft your checking account, OverdraftApps suggests to avoid from overdrafting altogether. Easier say than done, we agree. But here are three concrete steps to reduce your overdraft habit:

1) Monitor your account balance

2) Try to get your overdraft fees waived

3) Use cash advance apps like Dave or apps like MoneyLion that can help go through the end of the month for very low APR loans.

WAIT! High overdraft fees aren’t the only way your bank is costing you money.

With inflation overheating, you’ve probably heard that interest rates are climbing sharply. That means that for the first time in years, it’s a great time to shop around for a high interest savings account.

The national average interest rate for savings accounts is currently 0.23% APY – that means that if you have $2,500 in a savings account, you’d earn just $5.76 after one year! Move those hard-earned savings to an FDIC-insured bank paying 3.50% APY and you’d earn $81.73 more!

Don’t let your hard-earned savings sit there doing nothing. Check out the rates that you can earn at other banks:

Author
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Mitchel Harad

Mitchel Harad has over 20 years or experience in financial services at both banks (JP Morgan Chase) and upstart lenders (Lending Club, SocietyOne). He is passionate about educating consumers on how financial systems work to empower them to make informed and cost-effective decisions. During some challenging financial times, he paid thousands of dollars in overdraft fees at a time when he could least afford them – an experience he hopes to help others avoid.

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.