How to Appeal Cooperative Bank Overdrawn Charges
Bank fees can make you feel betrayed. After all, you have a lot of loyalty to your bank and probably stay in touch with them daily - even if you don't make visits to the bank location in person. Bank fees can add up fast, and you could easily find that you spend hundreds of dollars on ATM fees, wire transfer fees, and overdraft fees.
If you are a customer at The Cooperative Bank in Boston, you do have a distinct advantage. The locally-owned bank is easy to contact, compared to some larger financial institutions, which means that you might not have to spend hours on the phone when you try to appeal Cooperative Bank overdrawn charges. This guide will help you understand when you might get hit with Cooperative Bank overdrawn charges and how you can appeal those fees.
What is Cooperative Bank?
Advertising itself as "Boston's neighborhood bank," The Cooperative Bank is a small financial institution with locations in and around the Boston area. If you are a resident of Massachusetts, you might well do your banking at The Cooperative Bank to enjoy a small-town feel and personalized financial solutions.
The Cooperative Bank offers personal checking accounts, business accounts, mortgage, and home loan services, financial planning, and small business services. While The Cooperative Bank doesn't charge the same exorbitant fees as many big-name lenders, there are still some fees that you will need to be on the lookout for.
Fees to Look Out for from Cooperative Bank
Overdraft fees are typically charged when you overdraw the available balance in your checking account. Typically, the bank will cover that overdraft for you so that the purchase still goes through - but you should expect an overdraft charge from the bank in recompense. While The Cooperative Bank doesn't publish a list of fees on its website, typical overdraft fees are anywhere between $12 - $35 per overdraft.
Here's a look at what some banks charge when you overdraft your account:
|Bank of America||$35|
Some bank fees that are charged by the bank:
- ATM fees.
- Checking/savings account fees, such as annual maintenance fees.
- Overdraft fees.
- Wire transfer fees.
- Credit card fees.
Even if fees are only $2 or $3 per transaction, these can easily add up over time.
For example, if you use an ATM a few times a week, you could look at spending $30 - $50 every week on basic transactions. However, you don't have to deal with these fees sitting down. You can reach out to The Cooperative Bank directly to have these fees appealed.
How to Appeal Cooperative Bank Charges on Your Own
To get The Cooperative Bank overdraft charges waived on your own, follow the steps outlined below:
1. Reach Out to the Bank
The most direct way to contact The Cooperative Bank about overdrawn charges and other fees is to visit a branch in person. There are four locations around Massachusetts, so check the website to see which location is closest to you. Before you head to the branch, verify the hours and plan your visit for a time when you can try to avoid excess foot traffic. You can also call your local branch to talk to a branch manager about the overdrawn charges.
2. Explain the Situation
When you speak with the branch manager, explain why you think the charges were unfair - the manager might be willing to work with you on the charges, possibly getting them appealed. If you've been a longtime customer of The Cooperative Bank, make sure to note that. Sometimes, branch managers are willing to go the extra mile for their most loyal customers.
3. Get Your Fees Appealed
With any luck, your overdrawn charges will get appealed. While this isn't guaranteed to happen, especially if you have multiple overdrawn charges on your account, it is a possibility.
If you want some help getting overdrawn charges from The Cooperative Bank appealed, use DoNotPay. DoNotPay has experience overturning bank fees so that you don't have to stress about it on your own.
How to Use DoNotPay to Waive Charges from Cooperative Bank
Bank fees are inconvenient and stressful, but you don't have to pay them without a bit of pushback. DoNotPay is the fast, easy, successful solution for appealing bank fees without dealing with lengthy phone calls and long visits to your local branch. Just follow these 4 simple steps to get your bank fees waived:
- Open the DoNotPay Fight Bank Fees product.
- Enter the name of your bank.
- Verify the last 4 digits of your bank account.
- Choose which fees you want to waive, including overdraft, ATM, and transaction fees.
What Else Can DoNotPay Help You With?
Here are some other ways DoNotPay can help you with unfair bank fees.
- Banks without overdraft fees
- PayPal transfer to bank fee
- Bank of America ATM fees
- Citizens Bank overdraft fee
Let us help you. Contact DoNotPay today.