Bank of America, like many other banks, charges an overdraft fee for customers that charge more than they have in their account balance. Their overdraft fees can range as high as $35. Here is what you need to know about their specific overdraft fees and how to avoid Bank of America overdraft fees altogether.

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Bank of America Overdraft Fees

Regardless of the type of Bank of America checking account you have, you will be subject to one of the two overdraft fees if you try to take out more money than you have.

Service	Fee
Standard Overdraft Item Fee	$35.00 when Bank of America covers the cost of the transaction
Standard Non-Sufficient Funds Returned Item Fee	$35 when a transaction is declined and returned unpaid

However, Bank of America does cap the number of overdraft fees you can be charged in a single day. Consumer accounts are subject to a total of four overdraft item fees and four returned item fees. Small business accounts can gather as many as eight overdraft fees and eight returned items fees per day.

What Triggers an Overdraft Fee

As mentioned above, if you were to spend more money than what is in your checking account balance, you will be charged an overdraft fee. However, Bank of America will decline ATM withdrawals and everyday debit card payments when your account balance doesn’t cover the transaction.

Avoid Bank of America Overdraft Fees

There are a couple of things that you can do to avoid any Bank of America overdraft fees. Here are a couple of ways you can do just that:

Check your account balance

Before using an ATM, making a transaction, or writing a check, be sure you check our account balance to make sure you have enough to cover the charge. In general, you should be checking your balance often to make sure there are not any fraudulent charges as this is a valuable finance management skill.

Build a checking account buffer

Save up a certain amount, like $100, to always keep in your account. This amount will act as a buffer so that you have some room for error if you end up spending a little bit too much money.

Sign up for overdraft protection

Bank of America overdraft services provide overdraft protection by linking your checking account to your Bank of America savings account or credit card. This ensures that the bank will withdraw the difference from your linked account if you make a transaction that’s larger than your balance.

Pay with a different account

If you are constantly using a single debit card, then you are in danger of overspending and possibly overdrawing too much money from that checking account. Using another account will help spread out the spending and keep you safe from overdrafts.

How to Get Bank of America Overdraft Fees Waived

Even if it is your fault for spending too much money and causing an overdraft, there is a chance that Bank of America can offer you a refund. Loyal customers can simply call their local branch and politely ask for the fees to be waived. This method only works if you have a good history with the bank. On the other hand, you can call customer service at 704-386-5687.

Bottom Line

Overdraft fees can be a annoyance when it comes to using your cards and making purchases. They can start to add up if you’re not monitoring your balances properly. Thankfully for Bank of America customers, there are plenty of features and ways to avoid overdraft fees. For more posts like this, check out our list of the best Bank of America Promotions and Best Bank Promotions.