Have your ever been overdrawn at the bank? How much did it end up costing you?
546411
i paid 30 dollars over draw fee plus what i owed them.
89095
They will charge you. But if you explain that it is unjustified they will refund both overdraft fees.  If the customer service rep doesn't understand, talk to the supervisor.
818998
Reclaiming Unlawful Bank/Credit Card Charges\n\n\nDid you know that when banks and credit card companies charge you for going over your overdraft limit, those charges are unlawful?\n\nNope, most people don’t. However, there are a few people who are waking up to this and have won back their charges, either directly from the banks or through the courts.\n\nHow to reclaim your charges. (Please note, you can just change the wording of the letters for your credit card or store card) \n\n1.  Before sending the sample letter, you need to know the amount you are claiming. You can back-date your claim for up to six years. If you need to get copies of your bank statements, use sample letter two.\n\nUnder the Data Protection Act - the bank has only 40 days to provide your statements. Do not worry about the extra wait - you can legally claim 8% APR on each charge for the full period, so the longer it takes them, the more money you will have back. If they still refuse, or do not furnish you with this information within 40 days, report them to the information commissioner - www.informationcommissioner.gov.uk - for a breach of the DPA. \n\n2. Now you have your statements, add up all your charges and then send them sample letter one with your own details. \n\n3. You should now receive a reply from your bank; it will be along the lines of: \n\na) Sorry you're not happy; however our charges are listed in the terms and conditions, if you are not happy you can now go to the Ombudsman.\n\nb) We looking in to this, however please note under the bank code we have 8 weeks in which to reply. (Do not accept this - you have given them 7 days) \n\nc) You will be offered a partial or full refund. You can choose to accept a partial refund, but the money is yours so it may be better to hold out for a full refund.\n\nd) They will deny the claim that the charges are unlawful (about 50% do this) \n\n4. If they do not offer you a full refund, send them a follow-up letter reiterating your original claims and giving them 7 days to pay\n\n\n\n\n5. Most banks will have paid up by this stage. If your bank doesn’t, now is the time to take them to court. It is a simple procedure, don’t let it intimidate you. To enter a claim go to www.moneyclaim.gov.uk and fill in the claim form. \n\nYou will have to pay the fees upfront with a credit or debit card.  If you are receiving benefits of any kind, you may be exempt from the fees.  However, you will have to use the paper N1 claim form and submit it to your nearest county court; you can get these on-line or from your nearest county court. \n\n\n6. The bank will now do one of four things.\n \na) Ignore the claim completely - in which case after 14 days you will need to ask the court for judgment in default. This means you win. \n\nb) Offer to pay the claim in full, including interest and court fees \n\nc) Acknowledge the claim – they then get a further 14 days to enter a defence. Some banks will acknowledge the claim and then pay up.\n\nd) Acknowledge the claim, and then on the 26-28th day, enter a defence \n\nIf the bank defends, the next thing that will happen is that you will receive a Court Allocation Questionnaire you must fill this in within 7 days of receiving it, and pay the additional fee. \n\n7. The court will now set a date (if the bank has not already given your money back by this point - and most will have done) \n\nAs far as we can tell from our research, most banks have settled before the court date, and those that have not, have lost the case.\n\nSample letters are on the next pages.\n\n\n\nImportant Updated information\n\nSome banks are now closing down the accounts of those who chose to challenge them. They are entitled to do this and you should consider this possible outcome before taking any action.\n\nThe Office of Fair Trading has ruled that it will view any charges over £12 as automatically ‘unfair’. However, the banks have a yet to respond to this before any action will be taken. This
149333
They made a mistake at the bank, it happens all the time. Just take it back to the bank and explain the situation. They'll issue you a new one.
1085763
I would first check to see that there are no additional charges for the rewards card. If there is then you need to weigh the benefits against the charges. If the additional charges outweigh the benefits, then you may want to go ahead with a regular card and just keep track of what the rewards would have been and put those into your savings account also. One last thing, keep very good track of all your spending and do not spend more than you have. If you overdraw your account by even 1penny, the bank will add on a hefty fee. Good luck.
906791
Not at all!! I work in a high street bank and believe me that is nothing!\nMost people I deal with have overdrafts, mortgages, loans, credit cards etc. etc.\nIf you want to get rid of the debt, ask your bank to restructure the overdraft as a loan, then you can pay off a set amount each month to clear it in full over 2 or 3 years. £2500 over 3 years would be around £80 per month.
462395
I shop.  I always want to buy something.  I am in debt because of it and my account is consantly overdrawn and my bills are always late.  It's a big problem I am trying to get a handle on!
393322
Usually, if you use a bank card to get money back, they send a transmission over the phone line. They will know right then that you don't have sufficient funds and won't give you the money anyway.\n\nSome accounts have what's called overdraft protection, which is usually a small line of credit (I have $250 on my account) that you can borrow against. That money, plus a fee (usually a HIGH fee - mine is $35 if I use even one cent of the credit), gets replaced next deposit you make. Call your bank to find out if your account has that feature or if you can get it.
203134
Many people have.  This question has been asked a couple of times already.  They violated predatory lending laws, and charged excessive fees that in most cases resulted in the acount having less money in it when it was closed then when it was opened even.
972348
Are the Halifax asking for her to pay off ner overdraft NOW!!!!????
611235
The best bank promo i saw was that the bank near my home was giving away a free slow cooker (costs 10-15 dollars)with every checking account open\n\nI know its......lame\n\nI once used a bank product to sell some stocks of radio-shack.\n\nAll I had to do was give them the certificate, and they put it into an on-line account. I then sold all the stocks for a fee of around 15 dollars on a 3200.00 transaction
117436
I assume you are speaking of liability in accounting terms (as in the accounting equation: Assets – liabilities + owners equity.) For your books an overdraft occurs when you have a negative balance in your checking account that was caused by a payment of checks drawn against insufficient funds.  In terms of the balance sheet, I don't think it would ever be a liability if the funds are returned to pay the cost.  It only becomes a liability if checking account funds are not replenished and the debt remains.    For accounting terms I am pretty sure you would record the overdraft as you would any bank charge or other normal expense.
266386
Yes.\n\nThe overdraft protection is so you don't bounce the check back to the person or business you wrote it to. Your bank will STILL charge you a fee. Overdraft protection just means they won't reject the check.
870487
I know that Wachovia is a huge bank but I've really been pleased with their customer service. It's also nice that their ATM machines are everywhere so you can avoid those fees.\n\nBe warned that they will charge you thirty dollars for insufficient funds EVEN IF YOU HAVE OVERDRAFT PROTECTION which is bs.
791187
I had the same thing happen in August.  We went camping, had no cell service and had to use a pay phone to call home and check-in with the house sitter.  We made 1 collect call and had my brother in law call us right back.  That phone call cost me $23.  When I got the bill in Sept. I almost fell over, I couldn't believe it.\n\nI just paid it and chalked it up to a lesson learned.\n\nAnd the lesson learned is always carry change, or a credit card you can charge the call to.  Sounds stupid to charge a phone call, but I doubt it would have been $23 that way.\n\nHope this helps, and it doesn't sound stupid, it happened to my dad also.
370474
Somtimes talking to the bank will get them to quit charging you additional overdraft fees.  But, getting a loan or advance is probably the best option (if that is possible).  Next time, read some of the fine print before using any card then you won't be in this mess again.
384561
I love your question. Banks do make errors on occasion, but I would bet on there being a mistake in your calculations.\nAssuming that you have checked carefully each of your deposit and check amounts to be sure they agree with the bank's numbers, why not take a trip to the bank and ask customer service to help find the discrepancy.\nIf it's in your records or theirs, you'll be able to find it.