How to Learn More About Bank Overdraft

Done be shock when you see this bank overdraft number, according to the CFA, as a nation, we’re spending over $17.5 billion on overdraft fees.  The average bank overdraft: $35.  At Bank of America, they limit you to 10 overdrafts a day, so if you really have a bad day, you could wind up owing them $350 in just overdraft fees. However with some banks, you can screw up in perpetuity. Fifth Third Bank, Chase, Wachovia, SunTrust, Regions Bank, PNC Bank, National City and HSBC have no limits on overdrafts.

More Bank feee on Top of Your Overdraft – Bank of America started charging a $35 overdraft fee after five business days.  This means that they will charge you a $35 for your overdraft, and if you do not put money in your bank to cover the overdrawn amount on time, within 5 days they will charge you another “extended overdraft fee”, which is $35 more.

Which Bank has the highest Overdraft? The highest overdraft is  $39 and it belongs to courtesy of Citizens Bank.