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Personal Checking Accounts: Additional Banking Services and Fees For Personal Accounts Deposit Account Agreement
Personal Checking Accounts: Additional Banking Services and Fees For Personal Accounts Deposit Account Agreement
NOTE: Refer to the Fee Schedule and Product Information for fees and additional benefits that may apply to your account.
1 Other financial institutions and Chase may deduct fees and/or charges from the amount of the incoming wires, which will
reduce the proceeds credited to your account. Any deductions taken by us may include processing fees charged by Chase.
2 This benefit will begin the next business day after opening the account. Some ATM owners/networks do not identify these
fees in the information they send to us and, as a result, we may not automatically refund the fee. If for any reason the refund
is not processed, please contact us. If you choose to convert an international transaction to U.S. dollars at either an ATM or on
a purchase, foreign currency commissions and fees included in the exchange rate charged by third parties are excluded from
Chase reimbursements.
NOTE: Refer to the Fee Schedule and Product Information for fees and additional benefits that may apply to your account.
JPMorgan Chase Bank, N.A. Member FDIC Page 4 of 14
© 2020 JPMorgan Chase & Co. Effective 8/9/2020
Deposit Account Agreement – Product Information
NOTE: Refer to the Fee Schedule and Product Information for fees and additional benefits that may apply to your account.
1 Other financial institutions and Chase may deduct fees and/or charges from the amount of the incoming wires, which will reduce
the proceeds credited to your account. Any deductions taken by us may include processing fees charged by Chase.
You can avoid overdrawing your account by making a deposit or transferring funds to cover the overdraft before the business
day ends. If you deposit a check, this assumes we do not place a hold and the check is not returned. Here are the cutoff times
for some ways of making a deposit or transferring funds from another Chase account:
• At a branch before it closes
• At an ATM before 11 p.m. Eastern Time (8 p.m. Pacific Time)
• When transferring money on chase.com or Chase Mobile or using Chase QuickPay® with Zelle® before 11 p.m. Eastern Time
(8 p.m. Pacific Time)
Additional cutoff times apply to other transfers, including transfers from non-Chase accounts. Please visit chase.com or Chase
Mobile for more information and service agreements.
NOTE: These fees may be waived with certain personal checking and savings account types. See Product Information for details.
NOTE: These fees may be waived with certain personal checking and savings account types. See Product Information for details.
Limits are based on the card you use and which type of ATM you use.
DAILY LIMITS
Card Type Purchase Limit Chase In-Branch ATM Limit Other Chase ATM Limit Non-Chase ATM Limit
$500 ($1,000 for
Chase Debit Card $3,000 $3,000 $1,000 accounts opened in
Chase Liquid Card CT, NJ, NY)
Chicago Skyline Debit Card (IL only) $3,000 $3,000 $1,000 $500
$5,000
$500 ($1,000 for
Better Banking Debit Card Effective $3,000 $1,000 accounts opened in
Premier Debit Card November 8, CT, NJ, NY)
$3,000
$500 ($1,000 for
Chase Disney Debit Card $5,000 $3,000 $1,000 accounts opened in
CT, NJ, NY)
These are the standard limits that come with your card, but you can request a different ATM or Purchase Limit (subject to approval).
If your checking account is changed, we may provide you a new debit card that aligns with that account.
When you use a Chase ATM it is either considered an In-Branch ATM or Other Chase ATM.
• Chase In-Branch ATMs are ATMs located inside the main area of a Chase branch that you use during the branch’s posted
business hours.
• Other Chase ATMs include ATMs located inside the main area of a Chase branch that you use outside of the branch’s
posted business hours, ATMs that are separated from the main area of a branch by another set of doors, drive-up ATMs and
other Chase ATMs not located in or near a branch.
The Chase In-Branch ATM Limit is separate from all other limits, which means that withdrawals at a Chase In-Branch ATM do not
count toward your Other Chase ATM or Non-Chase ATM Limits. When you use a Chase In-Branch ATM, all withdrawals made
with any of your ATM, debit or prepaid cards count toward every card’s Chase In-Branch ATM Limit.
When you use an Other Chase ATM or a Non-Chase ATM, all withdrawals count toward the Other Chase ATM Limits for all of
your ATM, debit or prepaid cards, and count toward only that card’s Non-Chase ATM Limit.
Posting Order
We look at your account only once to decide if the item would cause your account to become overdrawn.
We post transactions to your account during each business day’s overnight processing which is generally
completed before our branches open the next day. The order in which we generally apply deposits and
withdrawals to your account each business day:
• First, we add deposits to your account.
• Second, we subtract everyday (not recurring) debit card transactions, online banking transactions, ATM
withdrawals, teller cash withdrawals, checks you write that are either cashed or deposited by a Chase branch
banker, and wire transfers. We subtract all of these transactions in chronological order by using the date and
time of each transaction. If we do not know the time of day you made a transaction, such as for some everyday
debit card transactions, then it is posted as if it was made at the end of the day. Multiple transactions without a
timestamp are subtracted starting with those having the highest dollar amount and moving to the lowest.
• Third, we subtract all other items, including checks you wrote that are either cashed or deposited at an
ATM, and recurring debit card transactions starting with those having the highest dollar amount and
moving to the lowest. We reserve the right to use a different order in certain states, such as Nevada.
• Finally, fees are assessed last.
It’s your responsibility to avoid overdrawing your account.
Call 1-800-935-9935
Use any Chase ATM
(we accept operator relay calls)
Page 9 of 14
Effective 8/9/2020
OVERDRAFT PROTECTION:
What it is: Allows you to link a Chase savings account as an Overdraft Protection backup account to your checking
account to help pay any overdraft transactions that may occur. The exact amount needed to cover the transaction will
be transferred if enough funds are available.
What it pays:
• All transactions, including everyday debit card transactions
What it costs:
• There is not a fee for an Overdraft Protection transfer; however, an Overdraft Protection transfer counts toward:
–– $5 Savings Withdrawal Limit Fee, which is a Chase fee, applies for each withdrawal or transfer out of a Chase
savings account over six per monthly statement period. All withdrawals and transfers out of your personal savings
account count toward this fee, including those made at a branch or at an ATM. This fee is waived for Chase Premier
Savings accounts with a balance of $15,000 or more in the account at the time of withdrawal or transfer out
• Refer to the next page for applicable fees if enough money is NOT available in your linked Overdraft Protection backup account
Establishing or Canceling Overdraft Protection: Any owner of both a qualifying checking account and the backup account
may enroll in Overdraft Protection without the consent of other owners and both accounts must share at least one owner to
maintain Overdraft Protection. Any owner of the checking account or the backup account may cancel Overdraft Protection (by
terminating the service or closing the account) without the consent of other owners. A backup account can provide Overdraft
Protection for more than one checking account, but a checking account can have only one backup account. A personal
checking account may be linked to a Chase personal savings account; and a business checking account may be linked to a
Chase business savings account or a business line of credit in good standing. We may cancel your Overdraft Protection service
at any time. Your request to add or cancel Overdraft Protection will become effective within a reasonable time after approval.
Transfers: We will make one Overdraft Protection transfer per business day that will appear on your statement for both
accounts. If you have enough available funds in your backup account, we will automatically transfer enough to bring your
checking account balance to zero. If you do not have enough available funds in your backup account to bring your checking
account balance to zero, but you have enough available funds to pay one or more transactions and/or your previous day’s
negative balance, we will transfer that amount. If the amount transferred does not bring your checking account balance to
zero, your checking account will become overdrawn and you may be charged Insufficient Funds or Returned Item fees. If
we authorize your transaction, we will leave the funds in your backup account until we pay the transaction, which may take
several days. However, if you use those funds before the transaction is paid there will not be available funds to make the
transfer and your checking account may become overdrawn and charged an Insufficient Funds Fee. The available balance
for a savings account is determined at the time that we authorize a transaction or at the end of business day processing.
The available balance for a business line of credit is determined at the end of the previous business day processing. We are
not required to notify you if funds from the backup account cannot be transferred for Overdraft Protection (for example if
the account is dormant, purged, restricted or not in good standing). Refer to the section Restricting Your Account; Blocking or
Delaying Transactions in the Deposit Account Agreement for additional information.
Page 10 of 14
Effective 8/9/2020
Learn how your transactions will work:
EVERYDAY DEBIT CARD PURCHASES1 (Not recurring)
1 YES
Transaction Approved
NO
Proceed to Step 2
2
Is enough money available in your checking account plus your linked Overdraft Protection
backup account?
3
Did you opt in to Chase Debit Card Coverage?
NO (DEFAULT CHOICE)
Transaction Declined ! YES, you opted in
Transaction Approved or Declined
Transaction does NOT go through and you are We may approve your transaction at our discretion based
NOT charged a fee. on your account history, the deposits you make and the
transaction amount. If approved, you will be charged a $34
Insufficient Funds Fee per item (max 3 Overdraft Fees per
day, for a total of $102).
If declined, transaction does NOT go through and you are
NOT charged a fee.
1 YES
Transaction Approved
NO
Proceed to Step 2
2
Is enough money available in your checking account plus your linked Overdraft Protection
backup account?
3
Transaction approved or returned/declined at our discretion based on your account history, the
deposits you make and the transaction amount.
APPROVED RETURNED/DECLINED
If approved, you will be charged a $34 If check or automatic payment is returned, you will be charged
Insufficient Funds Fee per item (max 3 a $34 Returned Item Fee per item (max 3 Overdraft Fees per
Overdraft Fees per day, for a total of $102). day, for a total of $102).
If recurring debit card transaction is declined, the transaction
does NOT go through and you are NOT charged a fee.
1 Everyday debit card purchases are one-time purchases or payments, such as groceries, gasoline or dining out. Page 11 of 14
2 Recurring debit card purchases include transactions such as movie subscriptions or gym memberships. Effective 8/9/2020
Confirm your choice:
You attempt a transaction without enough money in your checking account
If both Overdraft Protection and Debit Card Coverage are declined, our Standard Overdraft
Practice will apply.
Everyday Debit Card Transaction Declined – NO FEE (no linked backup account)
Transaction Approved or
Check, Automatic Transaction Approved and
Declined at Chase’s discretion
Payment, Recurring transfer made – No Overdraft
$34 Insufficient Funds Fee or
O
VERDRAFT Debit Card Protection Transfer Fee
$34 Returned Item Fee per item
PROTECTION
Transaction Approved and
Everyday Debit Card transfer made – No Overdraft Transaction Declined – NO FEE
Protection Transfer Fee
Transaction Approved or
Check, Automatic Transaction Approved and
OVERDRAFT Declined at Chase’s discretion
Payment, Recurring transfer made – No Overdraft
PROTECTION $34 Insufficient Funds Fee or
Debit Card Protection Transfer Fee
AND $34 Returned Item Fee per item
DEBIT CARD Transaction Approved and Transaction Approved or Declined
COVERAGE Everyday Debit Card transfer made – No Overdraft at Chase’s discretion $34
Protection Transfer Fee Insufficient Funds Fee per item
If a recurring debit card transaction is declined, the transaction does not go through and you are not charged a fee.
You can avoid overdrawing your account by making a deposit or transferring funds to cover the
overdraft before the business day ends. If you deposit a check, this assumes we do not place a
hold and the check is not returned. Here are the cutoff times for some ways of making a deposit or
transferring funds from another Chase account:
• At a branch before it closes
• At an ATM before 11 p.m. Eastern Time (8 p.m. Pacific Time)
• When transferring money on chase.com or Chase Mobile or using Chase QuickPay with Zelle
before 11 p.m. Eastern Time (8 p.m. Pacific Time)
Additional cutoff times apply to other transfers, including transfers from non-Chase accounts.
Please visit chase.com or Chase Mobile for more information and service agreements.
Page 12 of 14
Effective 8/9/2020
Disclosures for New Account Inquiries
The information is a part of our Deposit Account Agreement. longer. On the maturity date or during the grace period you
However, these disclosures are not our complete deposit can change the term of your CD, make additional deposits
contract. If you open an account, or upon request, we will (for non-retirement CDs only), or withdraw your CD principal
provide our Deposit Account Agreement, which contains the without paying an early withdrawal penalty.
complete deposit contract. • CD ladders: Chase may offer a CD ladder, which is a group
Interest on Checking and Savings Accounts: When you of four CDs opened at the same time for the same amount
open a checking or savings account that pays interest, we will but with different terms. When each CD matures, its term will
provide you a rate sheet stating the current interest rate and change to the longest term of the original group. For example,
Annual Percentage Yield for your account. The rate sheet is in a 12-month ladder, we will open four CDs with original
considered a part of this agreement. terms of 3, 6, 9 and 12 months. When each CD matures, its
Your account has a variable interest rate. That means we may new term will be 12 months. The result will be four 12-month
change the interest rate and Annual Percentage Yield as CDs with a CD maturing every three months.
often as we choose, without limits and without notice. Interest • Automatically renewable CD: An automatically renewable
begins to accrue on the business day we receive credit for your CD will renew on the maturity date for the same term
deposit. For cash, wire transfers and electronic direct deposits, unless 1) you have a different renewal term as part of a CD
interest begins to accrue on the business day of your deposit. ladder; 2) you change or close the account or 3) we notify
We use the daily balance method for calculating interest. you otherwise. Once your CD renews, any reference to the
This method applies a daily periodic rate to the balance in maturity date means the last day of the new term. For the
your account each day, which may be based on your present renewal term, your CD will earn interest for the term and
balance or collected balance as explained in the product amount at the CD standard rate unless you qualify for the CD
information for your account. The collected balance is the relationship rate. If your CD is closed during the grace period,
balance of all deposits in your account on which we have it will not earn interest on or after the maturity date.
received credit for the deposited funds (determined by the • Single maturity CD: A single maturity CD will not
availability schedule of our Federal Reserve Bank for checks automatically renew on the maturity date and won’t earn or be
and similar items). We reserve the right not to pay interest on paid interest on or after that date.
any deposited item that is returned to us unpaid. • Interest: We use the daily balance method to calculate
Interest is credited and compounded monthly. However, interest on your CD. This method applies a periodic rate
Retirement Money Market accounts with interest distributions each day to your balance. Interest begins to accrue on the
will not compound, and interest will be credited on the business day of your deposit. Interest for CDs is calculated on
distribution date. Unless otherwise stated in your product a 365-day basis, although some business CDs may calculate
disclosure, interest is computed on a 365-day basis. We pay interest on a 360-day basis. The Annual Percentage Yield
interest only in whole cents. Therefore, at the end of each (APY) disclosed on your deposit receipt or on the maturity
interest payment period (usually monthly), any fractional notice assumes interest will remain on deposit until maturity.
amount of interest less than half of one cent will be rounded On maturities of more than one year, interest will be paid at
down and any fractional amount of interest equal to half of least annually. You may withdraw any paid or credited interest
one cent or more will be rounded up to the next whole cent. without penalty during your CD’s term or at maturity. On the
Savings Account Withdrawals: In this agreement, a maturity date, interest will become principal of the renewed
savings account means an account, including a money CD. A withdrawal will reduce earnings.
market account (and excluding NOW accounts), for which we • Early withdrawal penalties: There is a penalty for
reserve the right to require seven days’ prior written notice withdrawing principal prior to the maturity date. Refer to
to withdrawal. See the section Our right to require advance the CD section in the Product Information.
notice of withdrawals. During any monthly statement period, Waiving early withdrawal penalties for Personal CDs:
you may make transfers and withdrawals, regardless of the We will waive early withdrawal penalties under the
number of transfers and withdrawals or the way in which circumstances described below, unless these withdrawals
transfers and withdrawals are made. If you make more than occur less than seven days after the account was opened or a
six withdrawals or transfers per monthly statement period, you previous withdrawal was made.
will incur a fee, see the Savings Withdrawal Limit Fee section.
For non-retirement CDs:
CDs: A certificate of deposit, or CD, is a deposit account with
• Death of a CD owner or a grantor of a revocable
us for a specified period of time. This disclosure covers both
retirement and non-retirement CD products. By opening your family/living trust;
CD, you agree to keep the amount deposited (principal) on • Disability of a CD owner;
deposit. Here are a few things you should know about CDs: • A court’s determination that a CD owner is
• Term: The term is the number of days, months or years you incompetent; and
agree to leave your money in the account. • Re-titling of a CD to transfer ownership of funds into
• Maturity date and grace period: The maturity date is the a living trust without moving funds from the bank and
last day of your CD’s term. The grace period is the 10 days where no change in term or rate occurs.
after the maturity date for CDs with a term of 14 days or