What is Overdraft fee forgiven?

Overdraft fee forgiven gives you time to fix a negative balance on your deposit account to avoid paying an Overdraft paid fee.
See also: What is an Overdraft paid fee?

The Overdraft fee forgiven period starts when the Overdraft paid fee is charged; it ends at 11 p.m. ET on the same day.

During that time, you'll have the opportunity to have the Overdraft paid fee waived. Just deposit enough funds by 11 p.m. ET to bring the available balance to $0 or more, not including the fee amount.

The following types of deposits are usually eligible for Overdraft fee forgiven:

  • ACH and electronic deposits.
  • Check or cash deposits at a branch.
  • Internal transfers.
  • External wire transfers.
  • ATM deposits at a U.S. Bank ATM, made before the cutoff time of 8 p.m. local time. Local time refers to the location of where the payment account was opened.

More information

Most personal deposit accounts are eligible for this service. However, the account may not be eligible if:

  • The deposit has an extended hold placed on it.
  • The account has been opened less than 30 days.
  • It's a Safe Debit checking account.

Please see Your Deposit Account Agreement for more details.