Can I be charged more than one fee for a single overdraft?

Answer:

You should check your account documents to see how long you have to repay overdrafts before you are charged additional fees. 

To find out about overdrafts quickly, your bank or credit union may offer a text or email alert to tell you when your account is overdrawn. You can also monitor your balances online. Ask your bank or credit union how to sign up for these alerts.

The CFPB is currently looking closely at overdraft practices and collecting information about them. If you have an experience you would like to share with us, we’d like to hear from you.

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