Is there a limit to the amount a bank can charge you for NSF before notifying you of the charges?

Question

My bank , as a "courtesy" to me will go ahead and cover a check if the funds are not there but they charge me 30$ for this courtesy.
The problem is that last month alone without notifying me that my account was so screwed up they took $990 which i could have prevented if they just would have called me or something
Sowhat I want to know is there a limit they can take before having to notify the account holder?

Answer 1

It is your responsibility to monitor your account and not write checks or use your debit card if you do not have the funds in the account. They probably did notify you, but did so by mail. Depending on how long it takes to deliver, you probably had a couple days before you received the notice. How many checks did you write in that few days?

You could request that the bank no longer cover checks if the funds are not in your account. This will cost you more however. Your bank will charge you an NSF fee and the person to whom you wrote the check will probably also charge you an NSF fee.

It's cheaper just to keep track of your balance through the use of a check register.

Answer 2

The commercials you see on TV portray the banking establishments as your helpfull friends.
NOT so... banks are in business to make money.

I was having a problem finding a song :
Alice Cooper
It's the Little Things
So I tried Napster free trial and paid 99 cents for the song and paid with paypal.
The did not charge my paypal for weeks (where I had hundreds)
until I took out my money to pay bills ....then they put the request through and It rolled over to bank account.
When there was insufficeint funds there I was charged the $32 bucks and then napster returned money.
They passed the money back and forth until I paid $96.99 for the one song!!!!!!!!!!!!

Now since they know my email address every time I log into Yahoo Instant Messanger ...Instantly trigers phone call from the bill collector.

It's the little things that drive me wild!

Oh they will get there scam money ....but when I'm good and ready ( maybe I can get them to mount up 96 bucks in phone charges).

Answer 3

Generally it is your responsibility to monitor those things. Best bet is to make a separate account that the bank can transfer funds from in case you over withdraw, thus not charging you.

Answer 4

You can opt out of overdraft protection, but then your checks will bounce when the come in, and you will have to deal with the merchant directly. You shouldn't write checks when you don't have the money. What were you going to say if your bank called you? Don't honor my checks, i have the merchandise from the store.... but now i don't want to pay them!?!