Wednesday’s move expands on a policy shift JPMorgan instituted in August, when it raised the overdraft threshold so that only accounts owing more than $50 would incur fees. (Before August, the limit was $5.) The bank in August also eliminated fees connected to bounced checks.
Under the change that rolls out next year, customers will have until the end of the business day after overdrawing to get their account to within $50 of positive. The policy, as it stands, gives customers until the end of the same day.
