Overdrafts and negative balances: What's allowed?
in Banking, Insurance & Loans ·
Hey, quick question.
Ran into some unexpected expenses, so I’m wondering... if I’m overdrawn at JPMorgan Chase by about 5000-$2000, what kind of monthly interest am I looking at? A bit worried that being overdrawn by that much might mean I'm getting hit with 300-$133 in interest every month, since this isn't an authorized overdraft, just a "negative balance"...
Ran into some unexpected expenses, so I’m wondering... if I’m overdrawn at JPMorgan Chase by about 5000-$2000, what kind of monthly interest am I looking at? A bit worried that being overdrawn by that much might mean I'm getting hit with 300-$133 in interest every month, since this isn't an authorized overdraft, just a "negative balance"...