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How to get Overdraft Paid Fees waived 

Overdraft Fee Forgiven1 gives you time to take action2 to have Overdraft Paid Fees waived if your Bank Smartly® Checking account is overdrawn by $50.01 or more. Fund your account with qualifying deposits1, 3 to cover the overdraft by 11 p.m. ET the business day any fees were charged. Your deposit does not need to cover the fees.4

If your account’s available balance at the end of the business day is overdrawn by $50 or less, you will not be charged an overdraft fee that day.

Monitor your account

Once you’ve funded your Bank Smartly® Checking account, you’ll be in a review pending state. Monitor your balance frequently for any new transactions that come through6 and make sure your balance is at least $01, 3at 11 p.m. ET.

If you have met the requirements, you’ll see the waiver before the start of business the following morning. You’ll get a notification via email and on the Overdraft Fee Forgiven screen.

Notification in the app showing how to get overdraft fees waived

Stay informed

Here are three ways to know if your account is in the Overdraft Fee Forgiven period:

Set up your alert preferences for Overdraft Fee Forgiven and we’ll send you email, text5 or push notification(s).

Download the latest version of the U.S. Bank Mobile App or log in to your online account. The Overdraft Fee Forgiven screen will display the minimum amount of funds1, 3 you need to deposit and the deadline to deposit those funds.

Contact 24-Hour Banking at 800-USBANKS (872-2657) or a local branch for this information if you’re not an online or mobile app customer. We accept relay calls.

 

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Bank Smartly® with U.S. Bank

Staying on top of your financial well-being is another way to avoid fees. When you Bank Smartly® with U.S. Bank, you can tap into a broad array of programs, tools and resources that work together to put you – and keep you – on the road to financial wellness.

You can: 

  • Manage your cash flow easily with automated budgeting.
  • Move money safely with Zelle®.7
  • Save and spend wisely with the help of our Insights and Goals tools.

These are just some of the many tools available to you via the mobile app.

Explore the U.S. Bank mobile app

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Common questions about overdraft fee forgiveness

Log in to your checking account via the U.S. Bank Mobile App or online banking. If you have an account within an active Overdraft Fee Forgiven period, you will see a notification which will direct you to the Overdraft Fee Forgiven screen. The screen provides key information, including the minimum amount of funds you must deposit and the deadline to deposit those funds.

You can also contact 24-Hour Banking at 800-USBANKS (872-2657) or your local branch. We accept relay calls.

Note: Make sure to have the most up-to-date version of our mobile app to see the Overdraft Fee Forgiven screen.

Qualifying deposits generally include:

• ACH and electronic deposits 
• Cash deposits 
• Wire transfers 
• ATM deposits at U.S. Bank ATMs 
• Check deposits in branch 
• Internal transfers from another U.S. Bank account

Deposits that generally will not qualify include:

• Mobile check deposit 
• Extended hold placed on a deposit 
• 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 (PDF) for full funds availability details.

U.S. Bank sends Overdraft Fee Forgiven alerts via email, text message5 and push notification. 

Via email

Add a valid email address to your profile information. No enrollment is needed to receive the first email alert. You can sign up to receive additional reminder email alerts. 

Via text5

To receive alerts via text message, you must log in to the U.S. Bank Mobile App or online banking to enable text messages for your account.5

  • U.S. Bank Mobile App: Select the checking account and go to Account options. From the Manage notifications menu, select Overdraft Fee Forgiven.
  • U.S. Bank Online Banking: Select the checking account. From the Manage account menu, select Set up account alerts and then Add alerts next to the checking account of your choice. Then select Transaction Alerts to expand the dropdown menu. Go to Overdraft Fee Forgiven and select Add.

Via push notification

Download the latest version of the U.S. Bank Mobile App and turn on push notifications via the setting on your mobile device. From the main menu, select Notifications then choose Insights & Updates. Use the toggle switch next to Allow push notifications for all accounts to turn them on. 

Note: The first alert email, text message5and push notifications are sent in the early morning on the day the Overdraft Fee Forgiven period starts. If you wish to receive additional reminder emails and text messages5during the Overdraft Fee Forgiven period, log in to your account via the U.S. Bank Mobile App or Online Banking and manage the Overdraft Fee Forgiven alerts from there.

The Overdraft Fee Forgiven period starts the first day the available balance becomes negative, and the account was charged an Overdraft Paid Fee. Please note: The Overdraft Fee Forgiven period only starts if you're charged an Overdraft Paid Fee.

For example, on Wednesday your available balance is $10. A $100 transaction posts on Wednesday, making the available balance negative $90. On Thursday, you're charged a $36 Overdraft Paid Fee, and the Overdraft Fee Forgiven period begins.

The Overdraft Paid Fee is waived if you make a deposit of $90 or more by 11 p.m. ET on Thursday.

Please note: All transactions that occur on the weekend will be considered Monday’s business day transactions, and the Overdraft Fee Forgiven period would start on Tuesday when the Overdraft Paid Fee is charged.

If you have set up an Overdraft Protection Plan and your checking account becomes overdrawn, Overdraft Protection funds will be accessed before the checking account is eligible for Overdraft Fee Forgiven. Overdraft Fee Forgiven does not stop the advance transfer, nor does it waive any Overdraft Protection Transfer Fees. See your Consumer Pricing Information (PDF) disclosure for pricing information.

If the funds in the linked eligible accounts are depleted, the Overdraft Fee Forgiven period will start the first day your checking account's available balance becomes negative $50.01 or more, and the account was charged an Overdraft Paid Fee for every covered transaction. If you have met the criteria before the Overdraft Fee Forgiven period ends, we will waive the Overdraft Paid Fees charged.

Yes. If you have met the criteria before the Overdraft Fee Forgiven period ends, Overdraft Paid Fees will be systematically waived. In the transaction history and monthly statement, you will see the dollar amount of any Overdraft Paid Fee that was waived as a result of Overdraft Fee Forgiven. This is indicated by the transaction description “Overdraft Paid Fee Waived – Forgiven.” 

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Disclosures

  1. U.S. Bank consumer checking accounts (excluding Safe Debit accounts) are eligible to have Overdraft Paid Fee(s) waived with qualifying deposits. The Overdraft Fee Forgiven period starts the first business day the Available Balance becomes negative and you were charged an Overdraft Paid Fee(s). U.S. Bank will review your account for a fee waiver at 11 p.m. ET on the business day we charge the Overdraft Paid Fee(s).  If your Available Balance (excluding the Overdraft Paid Fees and including immediate and same day deposits), is $0 or more we will waive Overdraft Paid Fee(s) charged.

  2. The Overdraft Fee Forgiven period starts the first day the Available Balance becomes negative and the account was charged an Overdraft Paid Fee(s). U.S. Bank will review your account for a fee waiver at 11 p.m. ET on the business day the account was charged an Overdraft Paid Fee(s). 

  3. U.S. Bank Overdraft Fee Forgiven Program - 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 business 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 ATMs, 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 (PDF) for full funds availability details.

  4. Overdraft Paid Fee(s) will be charged to the account during the Overdraft Fee Forgiven period. To bring the Available Balance to $0 or more, the deposit amount does not need to include the Overdraft Paid Fee(s) charged to the account. The Overdraft Paid Fee(s) may still be reflected in the Available Balance until after the account is reviewed at 11 p.m. ET. 

  5. For text alerts, standard messaging charges apply through your mobile carrier and message frequency depends on account settings. Please be advised that these alerts may not be sent immediately. Visit Cellular phone contact policy for additional information.

  6. Review your account frequently during the Overdraft Fee Forgiven period as any additional transactions that further overdraw your account will need to be covered by your deposit.

  7. To send money in minutes with Zelle®, both parties must have an eligible checking or savings account, and have a United States mobile number registered in your online and mobile banking profile for at least three calendar days. Transactions between enrolled customers typically occur in minutes.  

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Zelle® and the Zelle® related marks are wholly owned by Early Warning Services, LLC and are used herein under license.

Deposit products are offered by U.S. Bank National Association. Member FDIC.

Refer to Your Deposit Account Agreement (PDF) and the Consumer Pricing Information (PDF) disclosure for a summary of fees, terms and conditions that apply.

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