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

Description of service

In March, we used our debit card to purchase airline tickets - three hours before my paycheck was scheduled to be deposited into our bank account. When we went to the bank the next day, the teller informed us that we had an overdraft and would be required to pay $35. If we wanted to open a credit card attached to the account, the amount would be $20.


Review of Service

My husband was very clear with the bank that they had not indicated pending withdrawals would be considered overdrafts. After a heated discussion, and the near-decision to take all of our savings and checking funds (a reasonably considerable amount)from the bank at once, the banker decided to talk with her boss. They told us that they "waived" the fee - later we found out that there actually was no fee if the amount was deposited within 72 hours. We felt they were just trying to pressure us into getting a credit card.


Tips

1. w exactly what fees your bank charges for overdrafts before you experience them. In addition, be sure that you know exactly when the bank will consider you to be overdrawn (by a pending transaction, or by one that has already occurred.)

2. If you have a conflict with the teller, don't waste your time trying to resolve it by talking with them. Usually they have no clue about how to resolve it, and they may not be able to accurately tell you about your account anyway. Talk to at least the teller's supervisor unless you are really bent on wasting your own time and energy.

3. Beware of hidden fees that steal your money.


$ 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
$ 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