hi everyone is there a bank that will notify you before charging insufficient funds fees?

Question

hi everyone is there a bank that will notify you before charging insufficient funds fees?

Answer 1

Credit Unions notify you as soon as they possibly can, and they only charge you for the initial over draft not for every day it stays over drawn. They are the only financial institution that does this. Credit unions are also in most cases easier to get an account with and they have higher interest on deposits and lower interest on loans. They work for you not against you. Try Patelco or Golden One if you have them in your area.

Answer 2

Not that I know of. You're supposed to keep track of how much money you have in the bank, thus avoiding the insufficient fund fee.

Even if they notified you what good would that do? They call you and tell you "Hey, we're about to charge you $30 because you bounced a check?" You still get charged so I'm not sure I see the point of them notifying you in advance that they're charging you.

I guess they could notify you when you're account gets low but where do you draw the line? Do they tell you when you're down to $50? $100? $500? If you're down to $510, and they didn't notify you and you wrote a check for $600, would you then want them to start notifying you when you're down to $650?

The bank assumes you know how much money you have left and aren't going to write a check for more than that amount.

Answer 3

There are only two things I can think of that help, one of which is a low balance notice... My bank does this for me, under online banking there is a link, and I set it up and it sends me a warning the moment my account falls below a certain set limit (and this limit is my choice, I think mine's at 400 idk but whatever makes you feel safe then it fires off an email.
The only other thing is make SURE the money is really in the account before writing a check, I got to the point I don't like checks and do most of my stuff credit card or cash but you still just have to be exxxtremely careful, sorry but that is my best advice, I haven't overdrafted in the past 10 years but paying an amount of attention far above ordinary is what I had to do to get that much out of it...

Answer 4

I doubt it, but there are some banks that will debit the fee from your savings account so you don't get overdrawn. Instead of being charged a bank fee, plus the store fee, you only pay $10 for them to draft your savings.

Answer 5

Most will call you in the morning. That is when they find out that you are insufficient. You can also tell your bank that you want them to call you when that happens.
If that happens to you a lot you should apply for overdraft protection. This way you won't get fees.
I work in a bank...I know this stuff...lol.

Answer 6

If the concept is that "if I knew about it, I would put more money in the account," then you should put that magical money in a savings account linked for overdraft protection. You may get a fee still, but it'll be much less than an overdraft fee.

Answer 7

i have my basic checking account through bank of america and i also have a credit card through them-they offer a service where if you have both and you overdraft your checking they charge the diffrence to your credit card and dont charge any penalties.

Answer 8

I doubt it. Bank of America will set up alerts, but if they have one, it is only AFTER it is assessed.

Answer 9

I'm not sure but I know wells fargo doesn't notify you.

Answer 10

No, why should they. You're an adult and it's your responsibility to keep track of how much money you have and not spend more than you do have.