Can You Get Overdraft Fees Waived? Sometimes, Here’s How

An overdraft happens when you perform a transaction that exceeds your account balance. Banks that allow overdrafts will process the transaction, but they’ll charge a fee, which gets added to your now negative balance. Overdraft fees are often around $30 to $35 a pop, which can really add up if it happens regularly.

You might be able to get an overdraft fee waived, but it depends on your bank and your banking history. And if you find yourself overdrafting a lot, it might be time to switch to a bank that doesn’t charge them.

How to get overdraft fees waived

In most cases, you have three options to check out if you overdraft with your checking account.

1. Ask the bank to waive it (nicely)

It sounds silly, but this can actually work if you have a good relationship with your bank. I wouldn’t recommend getting animated, yelling or demanding that the bank waive the fee. The saying, “You catch more flies with honey than with vinegar,” heavily applies here.

Your chances of this tactic working can also depend on your history with them. If you’re a long-term customer who usually has a positive balance, there’s a decent chance a teller will work with you. And if you’ve never overdrafted before, remind them of that. You can frame this refund as a courtesy and a one-time thing. If you’re in financial trouble, inform them of that and see what they can do for you. You won’t know unless you ask!

2. Overdraft grace periods

Similar to asking the bank to refund the overdraft fee if you’ve already fixed the negative balance, you could request a grace period. Basically, you offer to resolve the balance within a certain time frame, such as 24 to 48 hours, in exchange for waiving the overdraft fee.

Some banks automatically offer a grace period for overdrafting, too.

For example, Wells Fargo has the aptly named “Extra Day Grace Period,” which comes automatically with all its checking and savings accounts. If you overdraft, the bank won’t charge an overdraft fee if you make your balance positive before 11:59 p.m. ET the next business day. Chase Bank has something similar, as it doesn’t charge for overdrafts $50 or less if the negative balance is resolved by the end of the next business day.

3. Enroll in overdraft protection

It’s common for banks to offer overdraft protection or overdraft coverage, usually for no fees at all. How these overdraft services work depends on the bank, but it usually involves linking your checking account to a backup account to transfer funds in the event of an overdraft.

• SoFi terms and conditions

  New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Eligible Direct Deposits received within 25 calendar days of your first Eligible Direct Deposit of $1 or more) OR $400 (with at least $5,000 total Eligible Direct Deposits received within 25 calendar days of your first Eligible Direct Deposit of $1 or more). Cash bonus amount will be based on the total amount of Eligible Direct Deposit received within 25 calendar days of your first Eligible Direct Deposit of $1 or more. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 5/15/2026 and will be available through 12/31/26. See full bonus and annual percentage yield (APY) terms at sofi.com/banking/checking-offer/
  
  Annual percentage yield (APY) is variable and subject to change at any time. Rates are current as of 5/28/26. There is no minimum balance requirement. Fees may reduce earnings. Additional rates and information can be found at https://www.sofi.com/legal/banking-rate-sheet
  
  We do not charge any account, service, or maintenance fees for SoFi Checking and Savings. We do charge transaction fees for outgoing wire transfers, Instant Transfers, and global remittance transfers. Our fee policy is subject to change at any time. See the SoFi Bank Fee Sheet for details at sofi.com/legal/banking-fees/.
  
  SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per depositor per legal category of account ownership, as described in the FDIC’s regulations. Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $3M through participation in the program. See full terms at SoFi.com/banking/fdic/sidpterms. See list of participating banks at SoFi.com/banking/fdic/participatingbanks.
  
  We’ve partnered with Allpoint to provide you with ATM access at any of the 55,000+ ATMs within the Allpoint network. You will not be charged a fee when using an in-network ATM, however, third-party fees may be incurred when using out-of-network ATMs. SoFi’s ATM policies are subject to change at our discretion at any time.
  
  Early access to direct deposit funds is based on the timing in which we receive notice of impending payment from the Federal Reserve, which is typically up to two days before the scheduled payment date, but may vary.
  
  Overdraft Coverage is a feature automatically offered to SoFi Checking and Savings account holders who receive at least $1,000 or more in Eligible Direct Deposits within a rolling 31 calendar day period on a recurring basis. Eligible Direct Deposit is defined on the SoFi Bank Rate Sheet, available at https://www.sofi.com/legal/banking-rate-sheet. Members enrolled in Overdraft Coverage may be covered for up to $50 in negative balances on SoFi Bank debit card purchases only. Overdraft Coverage does not apply to P2P transfers, bill payments, checks, or other non-debit card transactions. Members with a prior history of unpaid negative balances are not eligible for Overdraft Coverage. Eligibility for Overdraft Coverage is determined by SoFi Bank in its sole discretion. Members can check their enrollment status, if eligible, at any time by logging into their account through the SoFi app or on the SoFi website.
  
  Earn up to 3.80% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.10% APY) for up to 6 months. Open a new SoFi Checking & Savings account with Eligible Direct Deposit by 12/31/26. Rates variable, subject to change. Terms apply at sofi.com/banking#2. SoFi Bank, N.A. Member FDIC.

Why do banks charge overdraft fees?

Banks charge overdraft fees because they’re covering the transaction when you don’t have enough cash.

The bank charges you for the service of letting that transaction go through and spotting you the money for the transaction (kind of like a mini loan). Your bank might even call overdraft fees “convenience fees” for this reason.

Difference between no overdraft fees and overdraft protection

An account with overdraft coverage or protection usually means linking your checking account to another account (often a savings account) to cover an overdraft if it happens.

Accounts that don’t charge overdraft fees usually mean you’re not allowed to overdraft at all. Instead of overdrafting, the transaction that would create a negative balance is simply declined. It can be inconvenient, but it also means you’re not getting charged for overdrafting, so it’s a give-and-take.

Bottom line

If you’re sick of overdraft fees and can’t get them waived, it might be time to switch to a bank account with no overdraft fees.

But if you want the ability to overdraft from time to time, consider banks like SoFi, Chase and Bank of America that offer overdraft coverage services.

Frequently asked questions

• Do you legally owe overdraft fees?

  In most cases, yes, you're legally obligated to pay overdraft fees. There's a very good chance you agreed to be charged overdraft fees in your bank account's deposit agreement when you opened the account.

  The agreement will usually include something like this: "It is your responsibility to immediately pay the amount of any overdrafts, along with fees that apply." Some deposit agreements might even state a time frame that you're required to pay, such as by the end of the day. If not resolved, the agreement may have details about being charged the overdraft fee again, and eventually, the bank may close your account.

  Be sure to read your checking account's deposit agreement carefully for fees, overdraft procedures and how long you have to resolve negative balances.

• What if I wasn't the one who overdrafted?

  If you have a joint bank account, and the other owner caused the overdraft fee, most deposit agreements state that both owners are responsible for repaying the fees.

  However, if someone stole your card info and caused the overdraft, you wouldn't be liable. In cases like this, contact your bank immediately to start a fraud investigation. Debit cards come with liability protection, which means you're not liable to repay charges you didn't authorize.

• How long will a bank let you overdraft?

  In many cases, you'll have around 30 to 60 days to resolve a negative balance from an overdraft before the bank closes your account.

• How often can I overdraft on an account?

  That depends on the bank and your account. For example, Chase charges a $34 overdraft fee per transaction if they're over $50, and you can only be charged up to three times per business day, up to $102.

To make sure you get accurate and helpful information, this guide has been edited by Holly Jennings as part of our fact-checking process.

Written by

Bethany Hickey

Banking editor

Bethany Hickey is the banking editor and personal finance expert at Finder, specializing in banking, lending, insurance, and crypto. Bethany’s expertise in personal finance has garnered recognition from esteemed media outlets, such as Nasdaq, MSN, Yahoo Finance, GOBankingRates, SuperMoney, AOL and Newsweek. Her articles offer practical financial strategies to Americans, empowering them to make decisions that meet their financial goals. Her past work includes articles on generational spending and saving habits, lending, budgeting and managing debt. Before joining Finder, she was a content manager where she wrote hundreds of articles and news pieces on auto financing and credit repair for CarsDirect, Auto Credit Express and The Car Connection, among others. Bethany holds a BA in English from the University of Michigan-Flint, and was poetry editor for the university’s Qua Literary and Fine Arts Magazine. See full bio

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