UPDATED Is it possible to get a bank to reverse overdraft fees?

[carmie3377]

Now my teenage son has a checking account at the same bank. Yesterday (Sat.) he deposited his paycheck of $140. Today he took out $30 at the ATM, and the receipt showed a balance of - $26.12! When I looked at his deposit receipt, it said the deposit would be credited the next business day - which is tomorrow (Monday). I will call the bank tomorrow and hope they won't charge him an overdraft fee - since technically he did have funds in the bank when he made his ATM withdrawal.

The debit should also be posted the next business day. As far as I know, most banks, if not all, post all credits first, then debits from the same business day, which in your son's case it is - Monday.

Now, if you make a debit in the AM, then make a deposit in the PM after their cutoff time, that is a different story, the deposit would post the next business day. You can still OD if you make the deposit after the cutoff time but the debit is before.

 

[Mickey527]

I would call back. If the acct was od for 7 cents. the fee should of been refunded. When I have a customer call I look at the acct, If your a jerk, and your yelling at me, chances are very good I'm not going to give you any refund. But if your being nice, and I'm looking at your acct and you od for a very small amt. by the time your done giving me the reason the acct became od the fee has been refunded.

I promise I was very cordial. I explained the situation, she pulled up my account, said "you overdrafted your account, I didn't", and "yes, it is only $.07 but you spent more than you had so it is an overdraft"
I am going to stop in the bank tomorrow and make a deposit and speak to the person I opened the account with and hope she will do something. If not, I am getting rid of that bank and going with my credit union only. They don't charge overdraft fees if you get the money to the bank within 5 days of the mail notification.

 

[Kellydelly]

I was able to get the fees reduced by $36. Small gain, but I'll take it!