Why do banks charge you for 'insufficient funds' when you don’t have enough money on your account to pay it?
Answers
Answer:
Banks often charge NSF fees when a presented payment is returned due to insufficient funds. ... You can choose to opt out of certain overdraft policies that allow the bank to cover charges and add an NSF fee. You usually also have the option to link at least one backup account, such as a savings account or credit card.
Why do banks charge you for 'insufficient funds' when you don’t have enough money on your account to pay it?
Banks often charge NSF fees when a presented payment is returned due to insufficient funds. ... You can choose to opt out of certain overdraft policies that allow the bank to cover charges and add an NSF fee. You usually also have the option to link at least one backup account, such as a savings account or credit card.
How do you get insufficient funds fee waived?
If the agent insists that they can't help you, politely ask to speak with a supervisor. Be prepared to not get a fee refunded every time. As a matter of fact, the more frequently you overdraft your account (and call to waive the charges) the less likely your bank will be willing to waive fees in the future.
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