Posts by Hannah Ramos4

urbanscout53 said:What are the consequences if I remain in this unauthorized area for too long, and is there any way to extend my stay?

You can open a new line of credit as long as you've been working for the same employer for six consecutive months.

I’m not entirely sure how much of an overdraft they'll tolerate before things get ugly, but honestly? My advice is to get that sorted out ASAP!

urbanscout53 said:Hello, everyone.
To clarify, I am currently on a student banking package, but I turned 27 this past December.
I received an email stating my student benefits would expire at the end of the year—which was actually yesterday.
Looking at my JPMorgan Chase account right now, it shows the following:
-$337
Available balance: -$10.79
Overdraft limit $333
Valid until 02/29/2016
However, the newly approved overdraft amount and the applicable interest rate are both listed as blank.
The installment plan section is also empty, whereas previously it showed $333
Could someone please explain what this actually implies regarding my current standing?
Primarily, when exactly will I be required to repay this $333 deficit to the bank?

Basically, that approved overdraft stays valid until February 29th, and you have to clear it by then. If you don't, you're going to be stuck with an unauthorized overdraft.