I bought a movie off Itunes and figured it was already in my account balance, and took out money. Now the bank sent me a letter about it. How much will they penalize me for?
2007-06-04 11:50:10 · 4 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Every bank sets their own fee schedule. If you don't have overdraft protection, my bank charges $33.00 for thew overdraft + $6.00 per day until you deposit enough to bring your balance back above zero. If you have overdraft protection, they transfer a minimum of $50.00 from you credit card/savings, and charge a $9.00 fee. Multiple overdrafts in a 12 month period result in larger fees.
2007-06-04 12:21:41 · answer #1 · answered by STEVEN F 7 · 0⤊ 0⤋
I'm guessing you have overdraft protection? I'm from Canada and for me the penalty is something along $4.98 and interest which only adds on a couple of cents. You can call the bank and ask them. Since I don't know what bank/country applies to your situation!
2007-06-04 11:54:56 · answer #2 · answered by Me 2 · 0⤊ 0⤋
It depends on the bank. They'll send you a letter with the price of your item they paid for you and their fee.
It could be anywhere from at least $19-34
2007-06-04 12:32:39 · answer #3 · answered by K.C. 5 · 0⤊ 0⤋
That would be called a overdraft..
up to 25.00
2007-06-04 11:53:57 · answer #4 · answered by Mustbe 6 · 0⤊ 0⤋