Comments on: Overdraft Fees at Online Banks

By: Mike

Mike — Mon, 23 Aug 2010 18:24:37 +0000

Credit union? Bah. My wife’s got both a savings and a checking account at a credit union. We were trying to do a EFT transfer to another credit union (initiated FROM the sending credit union’s website.) Accidentally told it to do it from savings instead of checking (and the savings account didn’t have the money in it.) Instead of simply denying the transfer when it came time for it (it was scheduled for a few days later) they denied it AND charged $32 for an overdraft fee! I could see it if it was initiated from the other CU (that was receiving the money) but when it’s started from the SENDING CU’s site? Simply say “sorry, we can’t do it” and be done with it. That’s exactly how ING would have handled it (needless to say, our main accounts are now all at ING.)

By: Ofelia

Ofelia — Sun, 13 Jun 2010 15:01:51 +0000

Didn’t we just bail out the banks?????
And they still want to charge overdraft, for money the tax payers let them bowrrow?

I think all these banks are full of it !!!!!
I went to a bigger bank for more locations, but just more problem!!!!
>>> Customer Service people suck! Half the time you can’t even understand them. ??????

I think I’ll change back to my credit union.
“Never had problems with them”.

By: eric

eric — Thu, 10 Jun 2010 06:47:44 +0000

These are definitely better than the ridiculous fees charged by B&Ms. Overdraft fees are among I hate the most.

By: Linda

Linda — Wed, 09 Jun 2010 15:02:35 +0000

ING seems to have the best offer, I’ve been using them for savings for quite sometime but have neglected switching all my banking over to them just because I don’t want to go through all the hassles. How ever I think if I start adding up these over draft fees with all their my banks other fees I’d find time to make the switch.

By: pays to live green

pays to live green — Wed, 09 Jun 2010 14:53:10 +0000

That’s pretty impressive that they allow you to avoid overdrafting. There are times when people make mistakes and shouldn’t be held at fault for an accident that happened.

By: CreditShout

CreditShout — Tue, 08 Jun 2010 20:46:08 +0000

These all seem like great alternatives to what my bank does when I overdraft, which is charge me crazy amounts. I was a loyal customer of this bank for years, and I overdrafted my account one time and was charged! I wish I would have been warned that my balance was so low. Sometimes it is hard to keep track of everything.

By: Kate

Kate — Tue, 08 Jun 2010 15:31:10 +0000

Looks like I might need to look into either Ally or ING. Just checked my bank of america – they are trying to charge me 4 overdraft fees even though I transferred money this morning to cover the $45 dollars that would be insufficient. This after I checked my account yesterday and nothing was in queue to be debited. Hopefully they will reverse the charges though they are unable to while they are ‘pending.’ ridiculous.

By: Marc Kliner

Marc Kliner — Tue, 08 Jun 2010 14:28:56 +0000

WOW! Did you see this from ING DIRECT? AWESOME. No FEE Overdraft. Best Bank ever!

http://ingdirect.com/avoidoverdraftfees

By: moljacks

moljacks — Tue, 08 Jun 2010 13:15:17 +0000

I just signed up for ING Electric Orange and applied for the overdraft line of credit. They gave me a $2,000 overdraft! I am still surprised and I almost feel like I have another credit card.