Answers about Overdraft/NSF Fees and Protection
Select from the following questions about overdrafts, overdraft fees, and overdraft protection
- I wrote a check that was returned because of insufficient funds (NSF) in my account. But the bank never notified me, so other checks bounced and I got hit with several overdraft fees. Shouldn't the bank have sent me a notice?
- What is overdraft protection?
- How can my account be overdrawn when I just made a deposit?
- Can the bank charge an overdraft fee while there is a deposit pending?
- The bank charged $34 for an overdraft, which seems excessive. Is there a limit?
- My bank paid my largest check first and then the smaller ones. Doing so created more overdraft fees on my account. Why did the bank pay in this order?
- The bank's ATM indicated that I had a positive balance. But when I wrote a check, the bank charged an overdraft fee. How is this possible?
- How many times will a bank allow an insufficient funds check to be redeposited/resubmitted?
- I deposited a third-party check and spent some of the funds. My bank has now informed me that this check was insufficient (NSF) and that I am liable for the entire amount. Is this correct?
- Can the bank pay a check if my account is overdrawn?
- Can the bank charge a fee if my check overdraws my account?
- When will the banks be required to obtain my consent or agreement before imposing overdraft fees on ATM and one-time debit card transactions?
- Under what circumstances, can the bank charge me an overdraft fee for paying a one-time debit card transaction?
- I have a joint account. Do we both need to Opt-In or agree?
- I have an overdraft line of credit with the bank to cover possible overdrafts. How will this rule affect me?
- I did not consent or agree to an overdraft fee. The bank paid the one-time debit card transaction anyway. Can the bank do this?
- I received notice from my bank that they will no longer authorize ATM transactions if my balance is not sufficient to cover the transaction, unless I agree to a fee. If I don’t agree to the fee for this service, can the bank treat my account differently?
- I used my debit card to purchase gas. I thought that my bank wouldn’t authorize transactions if I didn’t have sufficient funds in my account but they did and I incurred a fee. What can I do to avoid overdraft fees?