Overdraft Options

An overdraft occurs when you don't have enough money available in your account to cover a transaction, but we pay it anyway. Capital One Bank offers overdraft options:

What is Courtesy Overdraft Service?

Courtesy overdraft is a service we provide where we consider paying a transaction even if you don't have enough money in your account at that moment.  Some customers appreciate the ability to overdraft in certain instances instead of having their debit card purchase declined at the store register or a check returned unpaid. Having the overdraft service means that we will consider paying those transactions when you don't have the money in your account.

This chart shows the types of transactions that are considered for overdraft service. Due to federal regulations, you must provide us with your consent (also known as opting in) before we will consider paying, for a fee, any everyday debit card transaction or ATM withdrawal that would overdraw your account.

Types of transactions considered for overdraft, based on your choice

Type of transaction considered for overdraft

If you don't opt in 

If you do opt in 

Checks and other payments using your account number (like ACH) Yes, this is included with this account Yes, this is included with this account
Recurring debit card transactions Yes, this is included with this account Yes, this is included with this account
ATM withdrawals   Yes, this is included with this account
Everyday debit card transactions (non-recurring)   Yes, this is included with this account

You can also contact us at 1-800-655-BANK (2265) or by visiting a branch if you want to opt out of courtesy overdraft service for all types of transactions.

Please see below for fees associated with overdrawing your account.

 Fee Type

Fee

Overdraft Fee

$35 per item

Assessed if:

  • We choose to pay transaction (debit, ATM, check, ACH etc) even though it takes your account into overdraft status

Non-Sufficient Funds Fee (NSF)

$35 per item

Assessed if:

  • We choose to decline a check or ACH transaction due to insufficient funds in your account
  • These transactions may be subject to additional charges or penalties assessed by payee

Important Additional Information About Overdraft Fees

  • We won't charge more than 4 fees (Overdraft or NSF) per day to your account
  • We won't charge a fee if your account is overdrawn by $5 or less at the end of the day.
  • If your account is overdrawn by more than $5, a fee will be charged on each overdraft transaction, regardless of the amount.
  • For example, if two transactions of $2.50 each caused an overdraft totaling $5.00, we won’t charge any overdraft fees. If three transactions of $2.50 each caused an overdraft totaling $7.50, you would pay a fee on each $2.50 charge.
  • We won't charge additional fees for the same transaction even if your account remains overdrawn for an extended period
  • We won't charge a fee if we decline your everyday ATM or Debit card transactions

Be sure to look at our Overdraft FAQ for important information about overdraft service.

Important additional details about Courtesy Overdraft Service:

  • Unless you opt in, as described above, we will not generally authorize and pay ATM withdrawals and everyday debit card transactions that overdraw your account. (Under limited circumstances, we may sometimes approve these transactions, but will not assess a fee if you have not opted in.) We may continue to authorize, at our discretion, checks, other payments using your checking account number, and debit card transactions that are set up to bill automatically (like a monthly membership fee) even if you do not opt in.
  • Whether your overdrafts will be paid is discretionary and we reserve the right not to pay. In making a payment decision, we typically consider a variety of factors, including the size of the transaction and whether your account is in good standing, you are making regular deposits and/or you have too many overdrafts.
  • If we elect to pay an overdraft item, you have no right to defer payment and you must deposit additional funds into your account promptly in an amount sufficient to cover the overdraft and any related fees.

What is Overdraft Protection?

Overdraft protection is different from our courtesy overdraft service. This option lets you link to a Capital One Bank deposit account (like a savings or a second checking account) to the checking account you enroll in overdraft protection. The funds will be automatically transferred from your linked account to your checking account in case of an overdraft.

How to Get Overdraft Protection

Talk to a banker to find out which accounts can be linked and to set up overdraft protection. Here's how overdraft protection fees generally work:

Overdraft Protection:

 Option

 Details

Overdraft Protection
Linked to Deposit Account

 No fee per transfer*

Available on select accounts & if you are enrolled

*When required, a single transfer will be initiated by Capital One Bank at end of the business day to cover all transactions.

Tips for avoiding Overdraft fees

Capital One Bank offers a variety of options to help you avoid some of these fees:

  • Use online, mobile and telephone banking to stay on top of your account
  • Set up low balance and overdraft alerts by text, email or phone call (carrier fees may apply)
  • Take advantage of instant, no-fee transfers to and from your other Capital One Bank checking and saving accounts
  • Make free transfers to your account from most other banks and brokerage firms
  • If you have previously opted into courtesy overdraft service for ATM withdrawals and everyday debit card transactions, you can opt out anytime.  Or, if you prefer, you can opt out of courtesy overdraft service for all types of transactions, which means we will generally decline all transactions if they would cause an overdraft

Visit a Branch Near You

Locate your Capital One Bank branch today to learn more about overdraft options.

Find a branch near you right now

Manage Your Account

For 24/7 online account management, log in or enroll in online banking or get started with mobile banking now.

Opt-In Form

You can download the opt-in form here. Just fill it out and take it to your local branch or mail it to the address listed on the form.

Or to opt-in or out online, log into Online Banking, select the "Self Service" tab, and click "Set Overdraft Service Preferences" among the Service Requests links.

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Fees and policies stated on this page only apply to retail branch checking accounts and do not apply to our national direct banking accounts.