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
$ 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
$ 36
Feb 2008
Kalispell, Montana
Overdraft fee increases per day  more... close row
$ 15
Apr 2008
Baltimore, MD
Overdraft fees lower than other banks  more... close row
$ 20
Feb 2008
Kansas City, MO
Disputing an overdraft fee can be difficult  more... close row
$ 29
Apr 2008
East Lansing, Michigan
Overdraft protection is better than all the fees  more... close row
$ 34
Apr 2008
London, KY
Bank caused overdraft by paying bills early  more... close row
$ 22
Apr 2008
New York, NY
Overdraft fee for bounced check  more... close row

Description of service

The overdraft fee is charged when a check is presented to the issuing bank there are not enough funds in the checking account. The fee is not broken down into materials and gratuities, although the price stated is only for a first instance. For succeeding overdrafts, the bank can charge the account holder $35.00 per check. Some bank calls or email the account holder regarding this concern, to give them the chance to correct the matter, before it goes to the attention of the person redeeming/cashing the check. However, in most instances, the account holder is not aware of the matter until the person who has been issued the check complains to the issuer.


Review of Service

The bank was courteous and helpful and advised me to deposit the required amount to my checking account as soon as possible. I cannot say for sure where the fees were applied so I am not certain whether it was worth it or not. I checked with other banking institutions and I know that the fees are almost standard.


Tips

While it is certainly not a pleasant situation, it is very easy to get into an overdraft situation. After this episode, I was advised by the bank that it may be a good idea to open a credit card with them and to attach it to my checking account so in case it happens, my bank can just access my ready line of credit to cover for the overdraft. It makes sense really.


$ 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
$ 27
Apr 2008
Lebanon, OR
Overdraft fee is charged for each transaction  more... close row
$ 39
Mar 2008
Lincolnton, NC
Overdraft fees prevent returned check fees  more... close row
$ 35
Feb 2008
Ashland, Ky
No Overdraft Protection From Savings Account  more... close row
$ 20
Mar 2008
sacramento, ca
Overdraft fees are per transaction instead of per day  more... close row
$ 35
Apr 2008
North Augusta, SC
Standard fee for overdrafting your account  more... close row
$ 35
Jan 2008
Bellmawr, NJ
Surprise overdraft fee  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