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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

Description of service

A local bank in the area provides it customers who has a checking account the option of overdrafting up to $400. With these accounts, they will allow the customer to take it all out at once or as needed; however, for each withdrawal you will be charged a fee of $33.00. There is a catch to this service. Each day that you remain in overdraft you will be charged a fee of $2.00 per day until your account is out of arrears.


Review of Service

The service is a great service, but the fees are outrages. For example, let's say that you needed $50 before payday for gas to make it to work until payday at the end of the week, and today is Tuesday. You will be charged the $50, $33, $8 for the days you had the money. That $50, now has cost you another $41 that you are going to end up needing anyway at the end of the week. This can get very bad for a family living paycheck to paycheck. These are the individuals that end up spending more money because they keep going back for more money incurring more fees.


Tips

If you are looking for this service us it wisely. If you overindulge you may lose your overdraft priviledges. Furthermore, find yourself having to borrow money to get back in good standing to get back in order. If you are going to take it out, I suggest taking the full amount out and get only one fee. Better yet, only touch it in cases of emergencies. I only suggest this service for the wise consumer and credit conscious individuals.


$ 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
$ 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
$ 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