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Can US bank accounts get overdrawn? If they can the intermediary doesn’t help it just gives you debt and bank charges.


Oh, boy, can they ever! And the fees can be hefty. Even with a credit union back in the early 2000s, we were talking $10 _per day_, I don't expect it has gotten any cheaper.


Yes, and banks routinely charge $35 for each transaction on an overdrawn account. This is particularly easy to do if multiple people share a bank account with a low balance.


They also sometimes sequence transactions largest to smallest when settling to maximize the number of charges[1].

[1] https://www.forbes.com/sites/halahtouryalai/2013/06/11/yes-b...


The law was changed to forbid this, though that's not to say they don't sometimes still "allow" it to happen.




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