How to Reverse Bank Overdraft Fees


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Bank Overdraft fees and other various customer penalties have quickly become the banking industry’s most profitable source. Your personal bank makes more money on fees and penalties than it does financing personal and business loans.

For example, Bank of America charges $35 for overdraft fees unless you have the coveted Overdraft Protection, which I highly recommend signing up for. Whether your bank has overdraft fee protection or not, here’s a step by step tutorial on how to reverse your banking overdraft fees.

The Overdraft Fee Reversal Process

You just made a purchase with your checking or savings account, but quickly realize you do not have the funds to cover the charge. Suddenly your teeth cringe, and simultaneously the dreaded overdraft fee notice starts heading to your mailbox. Should you panic? Of course not, you’ve been trained in these situations. That frivolous banking fee can be reversed in less than 3 minutes.

All you have to do is call up your bank and ask to speak to a manager.

Most of us have called our bank and inquired about the charge; Few are lucky enough to receive the credit after their first inquiry. The representative may deny your request initially, but you should now ask to speak to a manager. The #1 mistake people make when calling their bank is only speaking to a representative. These employees have zero authority and are no more than mere automatons. Here’s what you have to do.

5 Steps to Reversing Your Overdraft Fees

  1. Contact your bank and ask to speak to a representative.
  2. Explain in a kind manner that the overdraft was a mistake and request its removal.
  3. Ask to speak to a manager who maintains higher authority if the representative will not reverse the charge.
  4. Request a fee removal once connected to the manager.
  5. Unless your overdraft is highly conspicuous, your fee should be removed in no time.

Sick of Overdraft fees? Try Using


Mint is a free online personal finance software program used by millions of people every day. Here’s why you can save money on future overdraft fees and fight back!

Get Instant Alerts About Your Money

Mint notifies you when any bank or brokerage firm you use changes its fees or finance charges. These email or text message alerts can help you quickly respond to any errors, helping you avoid bogus overdraft charges. And alerts on upcoming bills or low account balances can protect you from late fees and other charges. Best of all, it’s 100% free and easy to use.

For a more detailed look at Mint, read my review.

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Tarik Pierce

Tarik Pierce is the founder of and regularly contributes articles to this website. He studied Economics at Dartmouth College and invests in a mix of dividend stocks, high CAGR tech stocks & cryptocurrencies.