Deposit Highlight Bulletin For Free

Each Supervisory Highlights publication shares recent examination findings, including information about recent enforcement actions that resulted, at least in part, from our supervisory work.

Getting overdraft fees refunded is only a phone call or email away. Contacting customer service and requesting a waiver is both the simplest and most effective way of waiving expensive overdraft fees.

Overdraft fees occur when you don't have enough money in your account to cover your transactions. The cost for overdraft fees varies by bank, but they may cost around $35 per transaction. These fees can add up quickly and can have ripple effects that are costly.

Yes, it's possible to get your bank to refund overdraft fees. It's often as simple as contacting your bank and asking them to refund the fees, though it likely helps to have a good relationship with the bank, such as making your payments on time and rarely having overdraft fees.

Violations of the Consumer Financial Protection Act1 Under the blanket policies of many depository institutions, Returned Deposited Item fees cause monetary injury, in the range of $10-19 for each returned item.

In most cases, banks will close a checking account after 60 days of being overdrawn. Ask your bank about the terms of their overdraft policy to find out the exact length of time your account can remain overdrawn.

If you've ever purchased a product or service and the final price was significantly higher than what was advertised up front, you were likely hit with what's often referred to as a ?junk fee.? In banking, charges such as account maintenance fees, ATM fees or overdraft fees are also commonly referred to as junk fees.

Surprise overdraft fees, includes fees charged when consumers reasonably expected they had enough money in their account to cover a charge at the time the bank authorizes it.