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Courtesy Pay Fee is a fee charged by you bank when you use over draft protection ranging anywhere from $25-$40. This is a questionable fee and has been associated as a "poor tax" (punishment for being poor) as some who use it are the occasional offender (accidently overdrawn) the majority are low income working families trying to make a living and are fighting to keep their check book in the positive. If you choose to opt out of overdraft protection and over draw your account then you are charged a nsf fee which matches the courtesey pay fee only you are also charged by who did not receive their money so you are double charged.

This is one of the ways the banks are recouping money they are losing elsewhere such as from, foreclosures and defaults. This practice is in need of reform as it contributes to higher poverty rates.

Hopefully some legislator will take on this practice and limit the amount of money banks can extract from families already struggling in these tough economic times.

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13y ago

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