How To Get Overdraft Fees Refunded

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How to Get Your Overdraft Fees Refunded

Overdraft fees often make your balance a negative number, and it would be great to get our overdraft fees refunded. It sounds impossible, but banks like Chase checking accounts waive fees all the time.

We can even waive fees on financial sites like PayPal. This article will explain when banks assess overdraft fees, when you might need to fight to get a fee waived and how can help you with that fight quickly and easily.

What Are Overdraft Fees

An overdraft fee is a charge you receive from your bank when you spend more money than you have available in your checking account.

There are many different kinds of overdrafts and the fees may be variable depending on your bank. Here are the overdraft categories:

Overdraft FeeBasically, an overdraft fee is charged when you don't have enough funds in your account to cover your purchases. For example, if you go to a store and spend $25, but you only have $15 in your account, the bank might go ahead and let you make your purchase, but it will also slap a $35 fee on your account, thus leaving your balance at negative $45!
Non-Sufficient Funds FeeThis is also referred to as the NSF fee. Once again, this fee is charged when you don't have sufficient funds in your account to cover your purchases. The difference between this fee and the overdraft fee is that the bank doesn't cover your purchases in this one but slaps you with a fee all the same. So, for example, when you try to make a purchase of $25 but you only have $15 in your account, then your charge is declined, and you're charged a non-sufficient funds fee.
Overdraft ProtectionObviously, the overdraft fee and the non-sufficient funds’ fee are very high and difficult for customers to pay. So banks came up with overdraft protection, in which you can link a savings account or a credit card to your checking account. And if you try to make a purchase that goes over your balance, the bank deducts that money from your savings or checking account and charges you a lower fee which is around $10-$15.
Extended Overdraft FeeAs if it weren't enough that you had to pay a hefty overdraft fee for just overspending by $10 or so, there's another fee that banks charge when you don't rectify the situation in a few days. If you don't bring your account balance back up over zero, many banks will charge you an extended overdraft fee every 5-7 days, in addition to the original overdraft fee.

How to Appeal Overdraft Fees

Call the bank's customer service number and ask to have the charge removed. While this doesn't work all the time, sometimes the bank will remove the charge.

How to Avoid Overdraft Fees

The easiest way to avoid overdraft fees is to prevent overspending from your account. You can, however, get Overdraft insurance which can protect you from fees, or set up an overdraft alert that will warn you before you overdraft your account.

How to Get Overdraft Fees Refunded by Yourself

There are a variety of ways you could try to get overdraft fees refunded, such as:

  1. Call the bank's customer service representative or manager and politely ask to refund the fees.
  2. You can email the bank asking for a refund.
  3. You can send the bank a letter requesting a refund.

All of these steps have problems, however. You may not have time to wait for someone to respond to your email or letter; you may need your money sooner than that.

You can always call the bank and ask them to refund the fees. However, talking to an actual customer service person can be challenging, and you may not have the time or patience.

Next Steps to Waive Fees if You Can't Do It Yourself

Luckily DoNotPay can help you get your overdraft fees refunded and other services you use. You don't have to talk to any customer service people or explain your situation; DoNotPay makes it fast and easy.

Here's how you can use DoNotPay to appeal fees:

  1. Search "appeal fees" on DoNotPay, choose the Fight and Waive Fees product, and select the type of fee you want to appeal.

  2. Select the merchant you want to appeal fees for and enter the details of your transaction, including an associated account if you have one.

  3. Submit your case! DoNotPay will generate the best argument for your case and make sure your fee waiver request gets sent to the merchant for processing.

And that's it! DoNotPay will send a request on your behalf to appeal all applicable fees and to ensure you get your money back!

Why Use DoNotPay to Get Your Overdraft Fees Refunded

You may want to get your overdraft fees refunded but not spend hours on the phone with a customer service representative explaining your situation. Luckily, DoNotPay has a quick and easy solution.

Knowing the trick to get fees waived can save you on baggage fees for Spirit and American Airlines. It can also save you money on your homeowner's association fees and stock trading sites like Robinhood.

DoNotPay can help teach you how to get fees waived on everything from retail sites like Etsy to cryptocurrency sites like Coinbase. For example, eBay and Shopify have a confusing list of small fees, and DoNotPay can get them waived or explained.

DoNotPay Works Across All Companies/Entities/Groups with the Click of a Button.

DoNotPay can help you with other problems you have as well, including:

eBay feesCoinbase fees
Robinhood feesPaypal seller fees
Spirit Airlines baggage feesAmerican Airlines baggage fees
Chase Bank checking account fees Etsy fees
Homeowners Association (HOA) feesShopify fees

What Else Can DoNotPay Do?

There are many other services you can find support for at DoNotPay! We can help you:

Find and apply for scholarshipsContact embassies and consulates
Notarize any document onlineFind and use standardized legal documents
Create passport photos at homeReduce your property taxes
Get compensated for airline cancellations and bumpsGet an online account unbanned
File a complaint against any company

And so much more. Why be frustrated? Use DoNotPay today and have your fees refunded quickly and easily.

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