Video transcript: Chase debit card coverage
On screen:
This video opens with a logo and title over blue:
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'Chase: Debit Card Coverage.'
Side note:
Small text reads:
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'Chase Debit Card Coverage is not available for Chase First Checking (service mark), Chase High School Checking (service mark) or Chase Secure Checking (service mark).'
Narrator:
Debit Card Coverage is available with most of our checking accounts and is an optional service you can enroll in.
On screen:
In an animation, arrows branch out from a debit card. They point to icons representing 'Groceries,' 'Gas,' and 'Bite to eat.'
Narrator:
It applies to everyday debit card transactions, such as buying groceries, or gas, or grabbing a bite to eat.
On screen:
Text reads: 'Debit Card Coverage ON,' and arrows branch out from a debit card. The card drains of color as text appears over each of the three transaction icons, reading: 'Paid.'
Narrator:
If you choose to have Debit Card Coverage turned “on,” and you go to make an everyday debit card purchase but don’t have enough money in your account, we may authorize and pay the debit card transaction based on your account history, the deposits you make, and the amount of the transaction.
On screen:
Text lists:
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'Account History, Deposits, [and] Amount of Transaction.'
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Then, the word 'Paid' appears over a phone with a money symbol, and it displays three $34 account charges in red.
Narrator:
If we pay the transaction, we may charge a $34 Overdraft Fee per transaction. The maximum is up to three fees per business day, for a total of $102.
On screen:
Text reads:
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'Up to three fees per business day, for a total of $102.'
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Then, a circle with a line through it reads:
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'No Overdraft Fee.'
Narrator:
There are also some instances when we won't charge the fee, like if you're overdrawn by $50 or less at the end of the business day, or for transactions that are $5 or less.
On screen:
Two animated phones appear. The first reads: 'Overdrawn by $50 or less, no fee.' The second reads:
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'Transactions that are $5 or less, no fee.'
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Then, text appears:
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'Debit Card Coverage OFF.'
Narrator:
But if you choose to have Debit Card Coverage turned “off” and you go to make an everyday debit card purchase, we won’t approve the transaction if you don’t have enough money in your account.
On screen:
Arrows branch out from a debit card as it drains of color. Text appears over each of the three transaction icons, reading: 'Declined.' Then, text appears in a circle with a line through it:
On screen:
'No Overdraft Fee.'
Narrator:
Since the transaction doesn’t go through, there’s no Overdraft Fee.
On screen:
A username and encrypted password are typed into an animated phone displaying a Chase sign-in screen.
Narrator:
Now that you know how our Debit Card Coverage works, check out some of our additional tools in the Chase Mobile app or chase.com to set up account alerts to help keep tabs on your balance and quickly transfer funds when needed.
On screen:
The phone screen shows Account Alerts, and a figure in silhouette. A question mark and money symbol appear above the silhouette, and an animated banker slides in.
Narrator:
Have questions? Talk to your banker or visit us online at chase.com/overdraft.
On screen:
The video ends with a logo and URL:
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Logo: Chase.
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'chase.com/overdraft.'
Side note:
Legal disclosures:
On screen:
Account Alerts: There is no charge from Chase, but message and data rates may apply. Delivery of alerts may be delayed for various reasons, including service outages affecting your phone, wireless or internet provider; technology failures; and system capacity limitations. Any time you review your balance, keep in mind it may not reflect all transactions including recent debit card transactions or checks you have written.
JPMorgan Chase Bank N.A. Member FDIC.