What bank charges the cheapest for overdraft fees?
I understand that all banks “lend” you money without asking and then charge you for it. I don’t see why they don’t just deny the transaction, but then I think about the millions they would loose.
How much does your bank charge? Do you know the cheapest?
Tags: bank, bank charge, banks, charge, charges, cheapest, fees, money, overdraft, transaction
Related Items
- How much can a bank charge for late fees on a mortgage loan?
I made a mortgage loan payment after the due date which the bank charged me a $50.00 late fee. That is cool. I expected it. They claimed I skipped a ... - What is the best bank for a checking account with no fees and takes security seriously?
I am looking for a free checking account that will not charge fees (except for overdraft charges). I want to be able to keep a low balance of about $1... - What happens to the money when you transfer it from one bank account to another ?
If I transfer say £1000 from one account to another bank account, both in UK, why does it take 3 to 5 days ???? I know in this computer age that it is... - What is the maximum amount of money that can be withdrawn a bank w/out prior notice?
I want to pull $3,500 out of the bank to buy a bike but, I want to make sure that I don't have to ask them in advance due to not getting off work unti... - What type of bank account should a student with no credit have?
I just barely turned eighteen in may and I'm about to get a job once I finish school. I want to know what type of bank account has interest, no overdr... - How long does it take the bank to process a deposit versus a charge?
I have a debit card and accidently overcharged it by $50. Unfortunately, the bank will charge me $100 for going over. I went straight to the ATM aft... - HOW can banks attract you? What would the perfect bank look like and do to get your attention?
Of course the obvisious answer would be MONEY. Everyone would love to bank or open an account with a bank that gives free money. But lets put money as... - What is the cheapest way to send money from the UK to India?
My wife and I want to send money to her family in India. The Halifax are going to charge £17 per transaction, Western Union is about £14 for the tran... - What is the best bank i can swap my account from Bank of Scotland over to, to avoid unfair monthly charges ?
I am being charged £31pm ( plus interest ) just for having an overdraft account. My overdraft is for £450, obviously i cannot afford to pay this off a... - How do we avoid bank charges when transfering money?
We have overseas offices and whenever we need to make bank transfers e.g. to make payments in one of the overseas offices the bank charges us about £1... - How can I pay money into my bank when it is closed?
I have a direct debit coming out tomorrow (sunday) and need to pay in some money for it, but all my banks are closed (I'm with Llyods TSB). How can I... - Whats happening with reclaiming bank charges now since the ruling on the test case?
My claim is currentlyin the county court, it was stayed due to the test case. Whats likely to happen now? Should I be expecting the court to recaim my... - Whats the best bank to switch to from hsbc?
Im just wanting to know what u think the best bank is for me to switch to. Im currently with hsbc, have been for around 5 years now, i pay in roughly ... - Whats the cheapest way to transfer money from an English bank account to a French one?
Is there an alternative better then paying the crazy prices at the bank? ... - Does it really matter which bank I choose to start a savings account?
My girlfriend and I are planning to start a joint savings account to save up for a trip. We have all the little details figured out, such as how much ...
July 24th, 2010 at 3:47 am
I bank at Washington Mutual and Wellsfargo, Wamu gives me a free overdraft once a year for that occasional oops, after that one they charge a flat $29 for each overdraft. My Wellsfargo account charges $35 per overdraft and $5 for everyday the account is in the negatives. Ive only had it happen once but it was expensive and they wont reverse any of the charges.
Go with Wamu they are pretty much fee free for everybody. My whole family uses them for mortgage, credit card, checking and savings. I love them and my savings makes 3.75% interest, which is amazing.
July 24th, 2010 at 4:14 am
Yes they do lend you money and charge you. It usually means you have an overdraft or overdraft protection. There is a limit to the amount they will lend you.
Just go in and cancel your overdraft limit / protection. Then your debit card will not work when your account hits zero. However if you write checks they will bounce and you will still get a fee and it can hurt your credit score if it happens enough.
If you don’t write checks just go in and say you want to cancel your overdraft protection / limit.