Recently, Wells Fargo charges us overdraft fees in the amount of $ 170. I am twice daily monitoring our account online to avoid such fees. When the overdraft fees were posted, it was a complete surprise, since the previous day showed a positive balance followed by a direct deposit the next day.
The overdraft fees showed up the day after the direct deposit had posted, and left us with a negative balance on our account. The fees were for amounts as small as $2.00 to $25.00 and we were charged $35.00 for each item.
Something needs to be done to prevent banks from being able to charge such outrageous fees, and profit from its customers.
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