Chime® is a financial technology company, not a bank. Banking services, credit, and debit card provided by The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC.

Overdraft fees can be costly, especially when some banks charge multiple daily fees. Learn how to get an overdraft fee refunded and avoid the charges moving forward.

An illustrated hand holding a cell phone accompanies a list of six steps explaining how to get overdraft fees refunded.

Can you get overdraft fees refunded?

Getting overdraft fees refunded depends on your bank’s policies – but it’s possible. Many financial institutions refund overdraft fees on a case-by-case basis, especially if it’s your first time or you have a valid reason.

How to get overdraft fees refunded: step-by-step

Requesting a refund for overdraft fees is straightforward and starts with contacting your bank’s customer service. The steps below walk you through the process. 

1. Contact customer service

Contact customer service as soon as you notice the overdraft. You can also speak with a teller in person if your financial institution has a physical location. Be prepared to provide your: 

  • Account details
  • Information about the transaction(s) in question 
  • Explanation of what led to the refund request 

2. Ask to speak to a supervisor

Politely ask to speak to a supervisor or manager if the customer service representative can’t help you refund overdraft fees. When discussing your situation, be respectful and patient yet persistent. Here are some tips and prompts to help you do this: 

  • Maintain a respectful tone: “I understand that you’re doing your best to assist me, and I really appreciate your help. Could you please connect me with a supervisor to discuss my situation further?” 
  • Acknowledge their efforts: “I know you’re busy, and I’m grateful for your assistance. Speaking with a supervisor might help us resolve this more effectively. Could you kindly transfer me?”
  • Be persistent without adding pressure: “I’ve been trying to resolve this issue for a while, and I believe a supervisor’s input could be valuable. If possible, could you help me reach someone higher up?”

3. Highlight your loyalty 

If you’ve been a long-time customer, highlight your loyalty during the refund request process. Mention how long you’ve been a member and point out your history of responsible account management. Consider mentioning any of the following: 

  • You’re a loyal customer
  • How long you’ve been with them
  • That you have multiple accounts (if applicable)
  • Your regular deposits (if applicable)

Most companies recognize the value of loyal customers and may be more likely to help once they know your history. 

4. Provide evidence

Prepare to share any documents to support your request. This evidence could include transaction records, receipts, or any other information that proves why they should refund your overdraft fees, like: 

  • The amount they charged you in overdraft fees 
  • The date and time the charges appeared
  • The transactions that caused the overdraft fees 

Clear and well-organized evidence may help them decide in your favor. 

5. Follow up in 2-3 days

After making your request, follow up with your bank by phone after two to three days. Ask about the status of your refund request and whether they need anything else from you. 

If you’re following up by email or mail, you can edit this template as you draft your message: 

Subject line: Follow-Up on Request for Overdraft Fee Refund

Dear [Bank name], 

I hope you’re doing well. I am writing to follow up on my recent request for a refund of overdraft fees on my account, which I discussed with [Name of Initial Representative/Supervisor] on [Date of Initial Contact].

Could you please share an update on the status of my refund request? If there are any updates or if further action is required on my part, please do not hesitate to let me know. I value my relationship with [Bank Name] and look forward to a positive resolution.

Thank you for your time and assistance in addressing this matter. I look forward to hearing from you soon.

Sincerely,

[Your Full Name]

[Your Contact Information]

6. Consider switching financial institutions 

If you’ve followed these steps and your bank still won’t refund the overdraft fees, consider switching to a new financial institution altogether. Plenty of places offer more lenient overdraft fee policies or, even better, none at all (like Chime’s checking account). 

How much do overdraft fees cost?

Overdraft fees are usually about $15 per transaction,¹ but the exact cost varies.

Wells Fargo²$35
Bank of America³$10
Capital One4None
Chase5$34
Citibank6None
Chime7None
Join millions of Chime members who enjoy peace of mind with SpotMe®.*

How to avoid overdraft fees in the future

A photo showing a woman reviewing her bank statement accompanies a list of four ways to avoid overdraft fees.

While financial institutions might work with you to get overdraft fees refunded, follow the tips below to avoid overdraft fees in the first place. 

  • Set up alerts: Sign up for notifications to know when your account balance drops below a certain amount. This way, you can protect yourself from overdraft fees ahead of time.
  • Opt out of overdraft protection: While overdraft protection can help you cover transactions you don’t have the funds to cover yourself, this can also lead to more fees. Opting out means you can’t make transactions that would overdraw your account and trigger fees.
  • Link multiple accounts: If your financial institution allows it, consider linking your checking account to a secondary account or a savings account. Note that some financial institutions may charge a fee for this service. If you link accounts, automatic transfers can cover insufficient funds and avoid overdraft fees.
  • Switch to a financial institution without overdraft fees: Some financial institutions have accounts that don’t charge overdraft fees. Research and consider switching to a financial institution that aligns with your financial goals and offers more favorable terms.

Put a stop to costly overdraft fees

While overdraft fees can be frustrating, they are avoidable in many cases. You can increase your chances of getting a refund and avoiding future fees by following the steps outlined above, including contacting customer service and considering a switch. 

Read more about which bank has the best overdraft limit.

Chime® is a financial technology company, not a bank. Banking services are provided by The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC. The Chime Visa® Debit Card and the Chime Credit Builder Visa® Credit Card are issued by The Bancorp Bank, N.A. or Stride Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit and credit cards are accepted. Please see the back of your Card for its issuing bank.

While Chime doesn’t issue personal checkbooks to write checks, Chime Checkbook gives you the freedom to send checks to anyone, anytime, from anywhere. See your issuing bank’s Deposit Account Agreement for full Chime Checkbook details.

By clicking on some of the links above, you will leave the Chime website and be directed to a third-party website. The privacy practices of those third parties may differ from those of Chime. We recommend you review the privacy statements of those third party websites, as Chime is not responsible for those third parties' privacy or security practices.

Third-party trademarks referenced for informational purposes only; no endorsements implied.

Opinions, advice, services, or other information or content expressed or contributed here by customers, users, or others, are those of the respective author(s) or contributor(s) and do not necessarily state or reflect those of The Bancorp Bank, N.A. and Stride Bank, N.A. (“Banks”). Banks are not responsible for the accuracy of any content provided by author(s) or contributor(s).

* Chime SpotMe® is an optional, no fee service that requires a single deposit of $200 or more in qualifying direct deposits to the Chime Checking Account at least once every 34 days. All qualifying members will be allowed to overdraw their Checking account and/or credit card Secured Account up to $20 on debit and/or credit card purchases or cash withdrawals but may be later eligible for a higher limit of up to $200 or more based on member's Chime Account history, direct deposit frequency and amount, spending activity and other risk-based factors. Your limit will be displayed to you within the Chime mobile app. You will receive notice of any changes to your limit. Your limit may change at any time, at Chime's discretion. Although there are no overdraft fees, there may be out-of-network or third party fees associated with ATM transactions. SpotMe won't cover non card transactions, including ACH transfers, Pay Anyone transfers, or Chime Checkbook transactions. See Terms and Conditions. STRIDE || BANCORP]

1 Information from The New York Times' 2023 Overdraft Fee Study as of September 22, 2023: https://www.nytimes.com/2023/06/16/your-money/overdraft-fees-banks.html

2 Information from Wells Fargo’s Fees Questions as of September 22, 2023: https://www.wellsfargo.com/help/checking-savings/fees-faqs/

3 Information from Bank of America’s Bank of America Announces Sweeping Changes to Overdraft Services in 2022, Including Eliminating Non-Sufficient Funds Fees and Reducing Overdraft Fees as of September 22, 2023: https://newsroom.bankofamerica.com/content/newsroom/press-releases/2022/01/bank-of-america-announces-sweeping-changes-to-overdraft-services.html

4 Information from Capital One’s Banking with no overdraft fees as of September 22, 2023: https://www.capitalone.com/bank/overdraft-options/

5 Information from Chase’s Overdrafts: What you need to know as of September 22, 2023: https://www.chase.com/personal/checking/overdraft-services

6 Information from Citibank’s Compare Features & Benefits as of October 26, 2023: https://www.citi.com/banking/compare-bank-accounts

7 Information from Chime’s Fee-free Overdraft as of October 26, 2023: https://www.chime.com/spotme/

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