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June 22nd, 2016, 11:16 AM
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Join Date: Mar 2013
Re: Bank of America Overdrawn Fee

Hey as per your demand here I am providing you details of overdrawn fee of bank of America

Fees
$35 per item

Overdraft transfer.
Overdraft transfer is Also called “overdraft protection,” this service links your checking account to another account, such as savings or a second checking account.
Some banks even let you link to a line of credit or credit card.
If your checking balance is too low to handle a transaction, the bank automatically transfers money from the linked account to your checking.

Overdraft coverage.
Under the most expensive option, you can have the bank cover a transaction with what amounts to a short-term loan when your balance isn’t high enough to handle it.
This typically results in a fixed overdraft fee, at a median cost of $34, and additional charges may be added if your balance isn’t replenished to cover the transaction for days or weeks.

Overdraft Item
Overdraft Item fee is charged when you write a check or make a withdrawal for an amount that exceeds the balance in your eligible checking or savings account and Bank of America pays the overdraft item anyway.
When they determine that your account is overdrawn after we finish processing for the day, and they pay for the transaction or transactions, they may charge an Overdraft Item Fee of $35.00 per item.


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