What Rules Are in Effect for Fees for Bank Overdrafts Less Than Five Dollars?
The rules that are in effect for fees being charged to bank overdrafts varies according to the banking institution's specific rules and regulations. If the bank overdraft is less than five dollars, I have found that most banks will waive the overdraft fee as long as the five dollars is put back into the account within a couple of business days. If the five dollars is not repaid shortly after the overdraft occurred, an overdraft fee may be charged. You can find more information here: http://banktime.com/credit-cards/banks-struggle-to-make-overdrafts-more-attractive/1542/