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You can call the bank up and ask them to remove it. If its the first or second time (which is pushing it) they will usually remove it for you. It can't be blatant though, you have to make it at least seem like an oversight. In most cases, at least these days, you generally overdraft because you forget about something that you've linked to your account. In which case, they may try to retrieve money from your account at a time when you have nothing in it. If I were you I'd open up at least two checking accounts. One where you put your spending money, and one where you put you bill money. It would probably be helpful to add five dollars to whatever bill is to be debited from your account. This way, you'll have a bit of a built overdraft protection in your account. If you have a debit/check card, set your spending account as your primary account. This way you don't spend your bill money and come up short, and then incur overdraft fees. I've learned my lesson because of an ez pass that I have linked to my card. Generally, unless it was the bank's error that caused the overdraft, they won't waive the fee. You can always ask though. The best thing to do in this world where overdrafts are rarely bank error, is to set up an overdraft account. This is a savings account linked to your checking account. You may still pay a transfer fee, but then you don't have the other fees. Also, be aware that there is such a thing called "good funds" these days. That means that you should expect any check or ATM transaction to be debited immediately from your account. There is no float in thinking there will be a delay if you postdate a check either. In addition, be sure to choose a bank that makes funds from deposited paychecks available immediately. -- Dont overdraw your account, and if you do remember the bank may refund it once as a courtesy. It is not the banks fault, there is no need to yell at the tellers __________ I accidentally had an overdraft today with TD Banknorth, as someone cashed a check I had written 5 months ago, and I made the mistake of assuming that they had cashed it. I called and explained the situation, and they refunded the overdraw. No hassle. It was awesome.

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16y ago

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Related Questions

What is the reason for overdraft charges from a bank?

Bank overdraft charges are the result of someone spending more money than they have in their bank account. The bank then charges interest on the overdrawn amount.


How can I prevent overdraft charges from occurring?

To prevent overdraft charges, you can monitor your account balance regularly, set up alerts for low balances, keep a buffer in your account, and consider opting out of overdraft protection.


Can a bank overdraw your account to pay their own charges?

It Depends: Yes - If you have a valid overdraft account with the bank and you currently do not have enough balance in your account to pay for bank charges No - If you do not have a valid overdraft account with the bank.


What is the best kind of checking account to have?

The benefits of a bearing checking account is that if there are errors of overdraft you can dispute them better but overdraft protects the person from paying more in the long run.


Advantage of overdraft?

Having overdraft protection on your account helps you avoid excessive fees. When the money isn't in your main account, your overdraft account will protect you by providing the money for the charges.


Can you explain how overdrafts work in banking?

An overdraft occurs when you spend more money than you have in your bank account. The bank covers the difference, but charges you a fee for this service. You then owe the bank the amount of the overdraft, plus the fee.


What is a settlement?

A settlement (given the category of the question) - is paying off the whole outstanding balance of a loan, overdraft or credit card.


What is the difference between paying the statement balance and the current balance on a credit card?

The statement balance is the amount you owe at the end of the billing cycle, while the current balance includes any new charges made after the statement was issued. Paying the statement balance means you are paying off the charges from the previous month, while paying the current balance includes both the previous month's charges and any new charges.


If you have a joint checking account with your 70-year-old dad and he constantly overdraws the account before his checks come in will that affect your credit?

No,Not as long as the overdraft is paid in a reasonable time, however overdraft charges can be expensive take your name off the account. Fast!!


Can you explain how overdraft protection works?

Overdraft protection is a service offered by banks that allows you to make transactions even if you have insufficient funds in your account. When you overdraw your account, the bank covers the transaction for you, but usually charges a fee. This can help prevent declined transactions and potential fees from merchants.


What does tod bank charges stand for?

TOD is an acronym that many banks use that means Temporary Overdraft. This happens when an account does not have enough money. The account will then be overdrawn.


Is bank overdraft an asset?

yes it is an asset overdraft