The document establishes that any individual account owner on a joint account may independently enroll or cancel Overdraft Protection without the consent of other co-owners, and that Chase may also cancel Overdraft Protection at any time without stating a required cause or notice period.
This analysis describes what Chase's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology
This provision creates a unilateral enrollment and cancellation right for any individual co-owner on joint accounts, which means one co-owner can modify the overdraft protection status of a shared account without the knowledge or agreement of other co-owners. Chase also reserves the right to cancel Overdraft Protection at any time.
Interpretive note: The enforceability and consumer protection implications of the unilateral co-owner cancellation right may vary depending on applicable state joint account law and CFPB supervisory guidance on joint account servicing practices.
Under this clause, on joint deposit accounts, any single owner may enroll or cancel Overdraft Protection without the consent of other account owners. Chase additionally reserves the right to cancel Overdraft Protection at any time, which the terms do not condition on notice to the account holder.
Cross-platform context
See how other platforms handle Overdraft Protection Enrollment and Cancellation and similar clauses.
Compare across platforms →"Any owner of both a qualifying checking account and the backup account may enroll in Overdraft Protection without the consent of other owners and both accounts must share at least one owner to maintain Overdraft Protection. Any owner of the checking account or the backup account may cancel Overdraft Protection (by terminating the service or closing the account) without the consent of other owners. We may cancel your Overdraft Protection service at any time.Excerpt from Chase's Fee Schedule
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This provision creates a unilateral enrollment and cancellation right for any individual co-owner on joint accounts, which means one co-owner can modify the overdraft protection status of a shared account without the knowledge or agreement of other co-owners. Chase also reserves the right to cancel Overdraft Protection at any time.
Under this clause, on joint deposit accounts, any single owner may enroll or cancel Overdraft Protection without the consent of other account owners. Chase additionally reserves the right to cancel Overdraft Protection at any time, which the terms do not condition on notice to the account holder.
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