Complaint / Review
US Bank
Two Small Debits Snowballed Into $479 in Overdraft Fees

I called my bank to find out how much was in my account so I knew how much I could debit. I made 2 debits that day, 1 for 20.36 and 1 for 1.25. I came to find out that because something pending put me over by 9.99, both of those were charged fees, which is okay. I am willing to pay the fees of a one-time charge.

But by the time I received the letter in the mail, my almost $22.00 overdrawn had grown to $233.00 in charges. I called the bank, and apparently they can charge you a daily fee of $8.00 and then every three days a $24.00 late fee. This is ridiculous. I told them I would be happy to come pay for the 2 items that put me over the limit and their $37.50 overdraft fee per item, and they refused. They said I had to pay the entire $233.00 or I would be sent to collections. I did not pay this. I refuse. I would rather go to collections.

Then I got another letter stating my account would be closing at the end of the month, which would add another $30.00 fee, and it continues, the $8.00 a day and $24.00 every three days. On this last letter it was up to a $479.00 overdraft fee!!! I am going out of my mind. Has this happened to someone else? Is this legal???