How to Get Peoples Bank Overdraft Fees Waiver

Fight Bank Fees How to Get Peoples Bank Overdraft Fees Waiver

How to Appeal Peoples Bank Overdraft Fees Hassle-Free

Did you know that one American citizen spends at least $350 annually in overdraft fees? If you transact with Peoples Bank, you might know how deep these fees can dig into your pockets. You need to ask for a waiver or refund on your Peoples Bank overdraft fees when this happens. Handling this on your own can frustrate you as you're not guaranteed a positive outcome.

But as always, DoNotPay has got your back. With DoNotPay, you can get waivers or refunds on any fees, including:

Let's learn more about Peoples Bank overdraft fees and how DoNotPay can help you get a waiver.

Common Peoples Bank Charges and Fees

Peoples Bank's clients incur several charges and fees, but the most common include:

Cashier's check feesCashier's check draws funds from the financial institution's account. Therefore, the financial institution guarantees the check, unlike personal checks that draw funds from your checking account. Peoples Bank charges a cashier's check fee of $6.00.
Copy of statement feesA copy of the statement details transactions on your current account. Peoples Bank levies a $5.00 to give you the paper copy.
Lost Certificate of Deposit (CD) feesPeoples Bank offers a type of saving account packaged as a product that gives higher interest rates but restricts you from accessing the number of funds you invest for a predetermined period. However, the bank will charge you $5.00 to get back your lost certificate of deposit.
Stop payment feesStop payment fees are also common at Peoples Bank. These are the charges you incur when you make a formal request to the institution asking for the cancellation of payment or check that is not yet processed. Peoples Bank charges $35.00 for stop payment.
Overdraft feesOverdraft fees are also common Peoples Bank fees. The bank allows your payment to go through even when your account balance hits zero, leaving you with debt but imposing a fee on that debt. The bank charges an overdraft fee of $35.00.

What Is an Overdraft Fee?

An overdraft fee is an interest on the loan a financial institution offers you to complete a transaction when your account cannot fully fund the payment. It occurs when you withdraw or transact, but a financial institution does not want to decline the transaction due to insufficient accounts balance. The interest on that loan amount is the overdraft fee. However, not all banks levy this fee.

People's Bank Overdraft Fees Explained

Peoples Bank authorizes overdrafts for automatic bill payments, checks, and transactions you make using your account number. It also authorizes overdrafts for the one-time debit card and ATM transactions but only on your request.

Overdraft authorization and payment are at Peoples Bank's discretion, meaning it is not guaranteed for any transaction. The bank may sometimes fail to authorize overdraft, thus declining the transaction. But for the authorized and paid overdrafts, Peoples Bank charges $35.00 as the overdraft fees.

Will People's Bank Refund People's Bank Overdraft Fees?

A consumer can incur up to four separate overdraft fees per account in a business day. However, Peoples Bank waives overdraft fees for transactions of at most $20 or when the overdrawn amount on your available balance at the close of the business day is equal to or below $20. For overdraft fees on transactions above that, you may need to request a waiver or refund by yourself.

Tips for Avoiding People's Bank Overdraft Fees

  1. Watch your account balances regularly.

You can choose to keep track of your account and ensure your balances do not hit too low.

  1. Withdraw from the overdraft coverage.

You can choose to withdraw from the overdraft coverage program. Peoples Bank will decline transactions if your account does not have sufficient funds when you opt out.

  1. Acquire a prepaid debit card.

You can avoid Peoples Bank overdraft fees by getting a prepaid debit card since it has no link to your checking account. Alternatively, you can choose to be using cash payments.

How to Get People's Bank Overdraft Fees Refunds on Your Own

If People Bank charges you a high amount in overdraft fees, you can request a refund on your own. You need to contact the bank via 413-538-9500 and explain your situation. For example, you may state that an unanticipated transaction occurred in your account at a bad time, or you are facing a financial crisis due to a reduced income or job loss.

Ensure you stay calm and polite during your call. If the representative you are speaking to is not helpful, you may request to talk with a supervisor. You may also state that you plan to consider another bank if they don't waive your fees.

However, the bank may still decline your request for a refund or waiver despite your efforts. You have no guarantee that asking for the waiver on your own will yield positive outcomes. Luckily, DoNotPay is an online legal service that can help you claim the waiver with an assurance of success.

Get Peoples Bank Fee Refund or Waiver with the Help of DoNotPay

If Peoples Bank fails to waive or refund the overdraft fees in your request, DoNotPay can sort the matter out. DoNotPay helps people get waivers or refunds on all bank fees with an assurance of success.

Here's how to get Peoples Bank overdraft fees waived with DoNotPay:

  1. Open the DoNotPay Fight Bank Fees product.

     

  2. Enter the name of your bank.

     

  3. Verify the last 4 digits of your bank account.

     

  4. Choose which fees you want to waive, including overdraft, ATM, and transaction fees.

     

What Else Can DoNotPay Do?

DoNotPay is what you need to get a waiver or refund on any bank fees. But this automated solution can also help solve other issues. It can help you do the following:

Let us help you sleep better by taking care of your bank overdraft fees. You can also reach out to us for the services listed above and many more.

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