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
$ 35
Mar 2008
Avon Ohio
Pressure to get a credit card  more... close row
$ 33
Apr 2008
Wichita Falls, Texas
Overdrafting up to $400  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

Description of service

Price of $35 per charge that brings the account balance under $0. So, if you make 3 charges before your paycheck clears, each one of these is charged a $35 overdraft fee.


Review of Service

Banks really clean up on these fees, and I think that $35 is a bit excessive. Most of the time people incur these fees when they are trying to float a check and the check clears before they expected. Generally, if you do not have a history of having overdrafts, the bank will be willing to lessen the fees or even remove them.


Tips

The absolute safest thing to do is to keep a good record of your account balance and not charge anything that would bring it under or try to float checks. Also, be sure to know how long your bank holds deposits before they get processed into your account. If you have a habit of having overdrafts I would suggest looking into overdraft protection, as the charge for this would be less than the fees incurred. If you make a mistake that causes an overdraft, deposit the funds to bring your account balance current as soon as possible, as many banks begin charging daily fees if the balance remains below $0 for over a week or so. Also, you may want to talk to someone at your bank about having the fees reduced.


$ 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
$ 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
$ 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
$ 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
$ 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