learn what other users had to say about

the Price of Overdraft Fees

Price 
Location 
Submitted by  
Description
$ 39
Mar 2008
North Brunswick,NJ
Excessive fees for overdrafting your account  more... close row
$ 33
Apr 2008
Wichita Falls, Texas
Overdrafting up to $400  more... close row
$ 35
Mar 2008
Avon Ohio
Pressure to get a credit card  more... close row
$ 36
Feb 2008
Kalispell, Montana
Overdraft fee increases per day  more... close row
$ 35
Apr 2008
Ann Arbor, Michigan
Overdraft fees really add up  more... close row
$ 32
Feb 2008
Indianapolis, Indiana
Fair overdraft fees avoids returned check fee  more... close row
$ 15
Apr 2008
Baltimore, MD
Overdraft fees lower than other banks  more... close row
$ 29
Apr 2008
East Lansing, Michigan
Overdraft protection is better than all the fees  more... close row
$ 20
Feb 2008
Kansas City, MO
Disputing an overdraft fee can be difficult  more... close row
$ 34
Apr 2008
London, KY
Bank caused overdraft by paying bills early  more... close row

Description of service

I regularly use a national bank with a branch office in London, KY. I have used this bank for over four (4) years. I had several automatic payments set up to be paid by the bank by electronic check including my mortgage payment and car payment. While I was on vacation in Florida, my bank paid both my mortgage payment and my car payment one (1) full week in advance of the scheduled date. I was charged an overdraft fee of $34.00 for each overdraft plus the checks were returned to the vendors which cost me an additonal $25.00 each. When asked, the lady at the bank told me that they have five (5) days to deliver the payment so I should have just planned ahead.


Review of Service

I felt like the cost of this service was excessive. I have checked around and many of the other local banks charge much less for these fees. Also, while shopping around I discovered that many banks offer overdraft services with just a small fee to pull the money out of savings if you overdraw. I was also very disappointed in the service I received from my bank representative.


Tips

Before opening an account check around at local banks to ensure you are receiving the best services available. Also, be sure to find out the cost of overdraft fees in advance. Hopefully, you won't ever have an overdraft but if you do, at least you won't be surprised like I was.


$ 22
Apr 2008
New York, NY
Overdraft fee for bounced check  more... close row
$ 25
Jan 2008
Phoenix, AZ
Overdraft protection for delayed eft  more... close row
$ 30
Mar 2008
Hutchinson, KS
Automatic bill pay and donuts  more... close row
$ 33
Mar 2008
Cashiers, NC
Likening overdraft protection to usury  more... close row
$ 0
Apr 2008
Mableton, GA
Overdraft fee waived once a year  more... close row
$ 39
Mar 2008
Lincolnton, NC
Overdraft fees prevent returned check fees  more... close row
$ 27
Apr 2008
Lebanon, OR
Overdraft fee is charged for each transaction  more... close row
$ 35
Apr 2008
North Augusta, SC
Standard fee for overdrafting your account  more... close row
$ 20
Mar 2008
sacramento, ca
Overdraft fees are per transaction instead of per day  more... close row
$ 35
Jan 2008
Bellmawr, NJ
Surprise overdraft fee  more... close row
$ 35
Feb 2008
Ashland, Ky
No Overdraft Protection From Savings Account  more... close row
$ 25
Feb 2008
Amarillo, TX
Overdraft fee charged because of not balancing checkbook  more... close row
$ 35
Jun 2007
Alameda, CA
I let my account become overdrawn  more... close row
$ 90
Jan 2008
Mount Pleasant, MI
Automatically charged fees  more... close row