To Top

Ask Bank to Reverse Overdraft Charge

Our college freshman recently overdrew her checking account by $8 when paying for this semester's books. We contacted our bank (which holds all our accounts, including investment accounts) and explained the situation to them.

They reversed the bank and the merchant's overdraft fees which totaled $61. We then added overdraft protection (no charge) which will transfer $50 increments from her savings account in the event of a future accidental overdraft.

Our bank graciously extended this to us because we have never had an overdraft and it was to keep a long term customer happy. When an unexpected event occurs, ask the bank to reverse the charges. You may be pleasantly surprised at the willingness to help you out.


By skibum1910 from Prospect, KY

Add your voice! Click below to comment. ThriftyFun is powered by your wisdom!

February 8, 20100 found this helpful

I can't speak for your bank. But we have 2 banks and one it almost takes an act of congress to get them to reverse overdraft charges. The other one is very good about it.

The bank doesn't refund the charges from the merchant though. But they do contact the merchant and by the time he's done talking to him, the merchant has agreed to refund it.

Reply Was this helpful? Yes
February 8, 20100 found this helpful

Our major/national bank does not offer overdraft protection. However, they did offer to extend us a home equity line of credit to cover overdrafts. About $500 in various processing fees and $50 per year maintenance fee.

We simply transfered $250 from savings to checking and never entered it in our checkbook. Only remember it at checkbook balancing time.

Reply Was this helpful? Yes

Add your voice! Click below to comment. ThriftyFun is powered by your wisdom!

Related Content
In This Guide
Bank Column
Saving Money on Banking
Budget & Finance BankingFebruary 5, 2010
A pink piggy bank made from a plastic mayo bottle.
Mayonnaise Jar Piggy Bank
Sewing Machine
Sewing Machine Stuck in Reverse
Writing a check
Saving Money on Checks
Woman Speaking with Credit Union Teller
Using Credit Unions
Fourth of July Ideas!
Father's Day Ideas!
Ask a Question
Share a Post
Desktop Page | View Mobile

Disclaimer | Privacy Policy | Contact Us

© 1997-2017 by Cumuli, Inc. All Rights Reserved.

Published by .

Generated 2017/05/22 01:11:30 in 2 secs.
Loading Something Awesome!