Would you not get an overdraft fee if you put in money right away after it has been overdrawn ?
- 1 month ago
As if this people are kind in front?Ever after?!
- Christin KLv 71 month ago
It depends on the bank's policies. Some banks have a 24 hour grace period where they will not charge overdraft fees if the money is deposited to cover the overdraft within 24 hours--and some DO. You have to ask the particular bank involved.
- babyboomer1001Lv 71 month ago
You are given either until the end of the day or when they designate the time they assess overcharges. So, right away - no, there won't likely be any overdraft fee.
- StephenWeinsteinLv 71 month ago
You could still get charged an overdraft fee.
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- Anonymous1 month ago
Depends on the bank. One account I have, I accidently overdrew it so I quickly transfered money in the same day. That bank said there was no fee unless I ended the day negative.
Most transfers take a full day but my broker does them in 4-5 hours if you do it early in the day.
- ErikLv 71 month ago
It depends. If it's an online charge, which almost everything is these days, it will say "processing" or "pending". In my experience you have one day to put money in your account. Then you won't get the fee. If it's a check, however, the second it hits your account, you will be charged the fee immediately.
- JudithLv 71 month ago
You'd have to ask your bank about that. My bank would still charge me an overdraft fee because I didn't have the money in the account to cover a withdrawal at the time of the withdrawal. My bank also charges an additional fee each day the account is overdrawn so if I overdrew on Monday and covered the amount on Monday + the overdraw fee, I would only be charged with one fee for the overdraw.
- BarryLv 51 month ago
Some banks do allow a short period of grace. May I suggest that you discuss an authorised overdraft arrangement with your bank? Most banks are happy to agree to this and you needn't use it unless you have to. It gives peace of mind when you are strapped for cash. I have an agreed overdraft for £2500. I never use it but it's there just in case.
- SummervilleLv 61 month ago
Too late, Kate.......
- danxp2Lv 61 month ago
That would depend on the bank's policies but very likely yes. You might be able to get them waved if you ask customer service.