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kirand

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What is the maximum number overdraft fees that the following banks can charge your checking account per day?

Citi, Chase, Bank of America, National City, TCF, Harris, Charter One, Fifth Third:

For example, if I have a checking account and I make 15 purchases when my account is negative, will these banks charge me a overdraft fee for all 15 transactions or is there a limit i.e. max 10 per day?

I am working on a banking simulation project for my Bank Management class. Any help is appreciated!

Thank you!

949 day(s) ago

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SamirAhmed 		legislation is coming but no limit right now.

some banks are voluntarily reducing it to 4-10.

Posted 949 days ago

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KathySimons 		The banks do what they want they control our government,They have lobbyist and lawyers who know the lawyers who are our law makers,it is a handshake world,the banks own us so my thing to you is pay with cash,and with any extra money you may have is go to coinshops or pawn shops and buy one ounce trinckets of gold because when our dollars falls to zero the gold will be worth alot more in other countries,the banks are in the business only to take your money,so yes if you over draft they are going to take what they want

Posted 949 days ago

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DianeJ 		There is no maximum

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AmandaS 		There is no limit to overdraft fee. If 200 checks bounce in one day then you will pay 200 fees.

Posted 949 days ago

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