2007-12-05 06:18:27 · 7 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Some banks will refund up to a certain amount of overdraft fees. You will need to speak to your banker about this.
I went through this recently where I had fee after fee after fee. I talked to the banker and since I'd never requested a fee reversal before, granted me my bank's maximum of $99. They only allow this once in a 12 month period of time.
2007-12-05 07:33:02 · answer #1 · answered by Erin 7 · 0⤊ 0⤋
Pay off the $61 immediately or call customer service.
Usually you can make a call to customer service and have them reverse the outrageous overdraft fees. My bank charges $30 per day that it is in overdraft status.
Get overdraft protection. Usually they have a $500 or $1000 buffer that operates as a credit card with high interest for any carried balance, but you hopefully pay this off right away so it is a good thing. You can also transfer funds from the overdraft credit to your checking account when you know you are going to be short, then pay it off when you get your check.
Also, some banks offer a deposit advance if you have a regular direct deposit that hits every two weeks for example, you can request part of those funds ahead of time.
2007-12-05 14:30:55 · answer #2 · answered by Sammy 3 · 0⤊ 0⤋
Find out how much your account is negative right now. Deposit what you can to cover that and more.
It most likely includes overdraft fees in your negative balance. Do you overdraft frequently and have you requested consideration in the past?
Go into your branch(by your branch I mean the one you opened your account at, as long as it's still your local branch if not go to your local branch) Explain what happend, if you messed up explain that you understand that. Do NOT abuse your banker. Do not accuse them of stealing your money(You gave it up when you used more than you had) Typically they will waive part of the overdraft fees, but they can't just make them all disappear. If they waive 1/4 of the fees be very happy, if they waive 1/2 say thank you and leave very quickly because you were just granted an extreme act of mercy.
FYI: Most banks can only waive between 2-5% of all fees charged per month. If they waive 100% of yours, then they can't waive any of anyone elses.
2007-12-06 00:07:33 · answer #3 · answered by Drifter 2 · 0⤊ 0⤋
Yes, you need to put the funds in your account ASAP to cover your overdraft but you also need to find out from your bank if they have already sent the check/ACH back to the bank of first deposit. If they have sent it back already be prepared to have some fees similar to what your bank charged you added to the amount of your check/ACH. If the item was returned you need to find out if the item will be redeposited. Some banks and businesses will automatically make a second attempt to cash the item before contacting you.
The overdraft protection is a good idea because it can save you some money as well as stress and embarrassment, but remember that there will be interest attached to the amount you owe plus a per item fee at most banks.
2007-12-05 14:48:22 · answer #4 · answered by Andi 1 · 0⤊ 0⤋
You need to pay the $61.00 back ASAP plus any interest owed. Consider signing up for overdraft protection if your bank offers it.
2007-12-05 14:22:42 · answer #5 · answered by STEVE P 4 · 1⤊ 0⤋
Ditto on all the above comments.
If you're still worried about it give the bank a call, or even better, go in person. People who are willing to talk to people usually come out on top. Nobody wants anybody to get hurt: it's just business. Be willing to talk to someone about it. It helps. Good luck.
2007-12-05 18:40:35 · answer #6 · answered by Ian 2 · 0⤊ 0⤋
OVERDRAFTED PROTECT WELL BE THE BEST THING,BUT PAY IT ASAP
2007-12-05 14:26:59 · answer #7 · answered by DRE 3 · 0⤊ 0⤋