U.S. Bank Overdraft Fee Forgiven Program

U.S. Bank’s got your back. Find your way back on track with a little extra time from U.S. Bank.

Put an end to overdraft fees with the new U.S. Bank Overdraft Fee Forgiven. This new program is a feature that comes with all U.S. Bank consumer checking accounts (excluding Safe Debit Accounts). It provides customers extra time to make qualifying deposits* and bring the account to a zero or positive balance to waive those Overdraft Paid Fee(s).

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How Does Overdraft Fee Forgiven Work?

• The Overdraft Fee Forgiven period starts the first day the Available Balance becomes negative and an Overdraft Paid Fee(s) was charged.
• U.S. Bank will review the account for a fee waiver at 11 p.m. ET on the business day the Overdraft Paid Fee(s) was charged.
• If the Available Balance (excluding the Overdraft Paid Fee(s) and including immediate and same day deposits), is $0 or more at 11 p.m. ET the Overdraft Paid Fee(s) charged will be waived.

Take Action to Get Overdraft Paid Fees Waived

• Monitor your account – Customers with account(s) in the Overdraft Fee Forgiven period will see an alert after they log into U.S. Bank Mobile App or Online Banking. The alert will direct them to the Overdraft Fee Forgiven dashboard, which provides step-by-step instructions on how to get the charged Overdraft Paid Fee(s) waived.
• Set up alerts – Customers who set up the Overdraft Fee Forgiven alerts will receive an email (and/or a text message or push notification) in the morning the day their Overdraft Fee Forgiven period starts.
• Stay in the know – Review your account frequently via online banking or the mobile app, as any additional transactions that further overdraw the account will need to be covered by the deposit(s).

Learn more about U.S. Bank Overdraft Fee Forgiven here.

Bottom Line

Even with the best of financial management practices, overdrafts can happen. With Overdraft Fee Forgiven, our consumer checking account customers may qualify for an Overdraft Paid Fee waiver.

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Overdraft Fee Forgiven – consumer checking accounts (excluding Safe Debit Accounts) assessed an Overdraft Paid Fee may qualify for a fee waiver. The Overdraft Fee Forgiven period starts the first day your Available Balance becomes negative and you were charged an Overdraft Paid Fee(s). U.S. Bank will review your account at the end of the Overdraft Fee Forgiven period (11 p.m. ET) and if your Available Balance (excluding the Overdraft Paid Fees and including immediate and same day deposits), is at least $0 we will waive Overdraft Paid Fee(s) charged.

*Deposits that generally will qualify for Overdraft Fee Forgiven include: ACH and electronic deposits, cash deposits, wire transfers, ATM deposits at U.S. Bank ATM, check deposits in branch and internal transfers from another U.S. Bank account. Deposits that generally will not qualify for Overdraft Fee Forgiven include: Mobile check deposit, extended hold placed on a deposit and deposits into new accounts opened less than 30 days where funds are generally made available the fifth business day after the day of your deposit. Refer to the “Determining the Availability of a Deposit – All Accounts” section of Your Deposit Account Agreement for full funds availability details. Member FDIC.