What is the name of your state? MI
Hi,
Not sure if this is the right forum, but can anyone tell me if there is a cap on the amount of an overdraft fee a bank can charge the consumer? I have surfed for consumer banking law's/practice to no avail.
My bank charged me $30.00 for bounced check (my fault) but when I went to bring my account up to balance, I found they had been charging me $5.00 a day on top of that, even though nothing else had gone through or bounced. So my total fee was $45.00 and had I not gone in, who know's what it would have been.
Thanks in advance,
Ronnie
Hi,
Not sure if this is the right forum, but can anyone tell me if there is a cap on the amount of an overdraft fee a bank can charge the consumer? I have surfed for consumer banking law's/practice to no avail.
My bank charged me $30.00 for bounced check (my fault) but when I went to bring my account up to balance, I found they had been charging me $5.00 a day on top of that, even though nothing else had gone through or bounced. So my total fee was $45.00 and had I not gone in, who know's what it would have been.
Thanks in advance,
Ronnie