California Overdraft Fee Law

[☼◄aqui►☼]

The name of my state: CA

My question: Representatives at my bank told me that it is mandated by California law to charge $5 a day for any account that is in default. Is this true? Can you explain how and when this happened and the exact details of the law? Thanks!

 

[Who's Liable?]

Most likely they are blowing steam up your skirt...

While I have not heard of this state law, chances are it is an individual bank fee that you agreed to pay when you signed up for their services...

 

[pojo2]

Not in Ca. but it is a fee my bank lists on their brochure.