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The bank charged a fee for an overdraft, and the amount seems excessive. Is there a limit?

Federal laws do not specify maximum amounts for fees that banks can charge for overdrafts. These decisions are made by the bank.

Banks are required to disclose any fees when the deposit account is established, and they are required to give you advance notice of any increase in a fee. Review your deposit account agreement with the bank as well as any current fee schedule.

If you feel that your bank's account fees are too high, do some comparison shopping for your banking services.

Last Reviewed: October 2020

Please note: The terms "bank" and "banks" used in these answers generally refer to national banks, federal savings associations, and federal branches or agencies of foreign banking organizations that are regulated by the Office of the Comptroller of the Currency (OCC). Find out if the OCC regulates your bank. Information provided on HelpWithMyBank.gov should not be construed as legal advice or a legal opinion of the OCC.

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