USA Today Overdraft Article
here). This article covers almost everything I’ve talked about here on the site. It covers unfair practices, gives comments from some of the top people in the industry and talks about possbile future legislation. I would take some time to give it a read. For tips on avoiding overdraft fees, which the article doesn’t talk about, check out my page here.
Posted in: Blog.
Tagged: bank overdraft fees · bank overdraft practices · usa today overdrafts
I was charged over $550 in overdraft fees when B of A blocked my overdraft protection (as at 0) without telling me-for charges that were $5-$25- total of about $150.00 of charges that were not covered- I would be happy to pay the charges WITHOUT the fees since I had no idea my overdraft was "blocked"before the overdraft fees which were charged more than once on an item
went to the branch manager who was extremely rude and told me she couldn't do "anything" about the charges until she ok'd it with a district manager then never called me back and now refuses my phone calls- what can I do next?
Allacen,
The best thing to do from here would be to try to get face-to-face with a supervisor at B of A and discuss this with them. If they arbitrarily made the change to take your overdraft protection to zero, you would have a strong argument for getting some or all of your fees refunded. Banks will typically notify customers when lowering overdraft limits, so in the event you received no notification of this they should work with you. Explain that it is unfair to extend a limit and arbitrarily take it away with no notification.