Banking with no overdraft fees

Break free from overdraft fees on your checking account.



We generally decline transactions that cause overdrafts on your account.

Free transfer

Automatic transfer of funds from your savings or money market account.

No-Fee Overdraft

No fee on approved transactions that put your balance below $0. See FAQs.


What’s an overdraft?

An overdraft is when Capital One pays a transaction that takes your checking account balance below zero.


Choosing your overdraft option is as easy as 1-2-3

  1. Sign in to your Capital One account.
  2. Click on your Checking Account.
  3. Choose More Services, then Overdraft Settings.

And remember—no matter which overdraft option you choose, there are no overdraft fees.


Choose your overdraft option

Sign in to your checking account and make your choice.


Check out 360 Checking

No minimums, no fees, no worries.


An overdraft is when your bank pays a transaction that takes your checking account balance below zero. Some banks may charge you a fee when this happens. Learn more about overdrafts and how they work.

This means you won’t be charged a fee if your bank approves a transaction and there isn’t enough money in your account to cover it. While some banks charge overdraft fees, Capital One does not charge overdraft fees for consumer checking accounts.

Capital One has completely eliminated all overdraft fees for its consumer banking customers, while continuing to provide overdraft options. Read our press release to learn more.

As a Capital One customer, you can choose whether or not to enroll in an overdraft option. If you were enrolled in Next Day Grace, you’ve been automatically converted to the No-Fee Overdraft option. Eligible customers who aren’t currently enrolled can enroll at any time.

With No-Fee Overdraft, we won't charge any overdraft fees if we approve a check payment, electronic payment (like bill pay) or recurring debit card payment (like subscriptions) that you can’t cover. You also have the option to have us consider covering ATM withdrawals and one-time debit card purchases (if you haven’t already, you can update this preference in your account settings). If we don’t approve a transaction, it won’t be paid and we won’t charge you a fee.

If we decide to pay an overdraft item, you cannot defer payment and you must deposit additional funds into your account promptly to cover the overdraft. If your balance remains negative, we may not approve additional transactions that overdraw your account, and your account may be closed. This may also impact your ability to open accounts at Capital One or other financial institutions.