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We're the Consumer Financial Protection Bureau (CFPB), a U.S. government agency that makes sure banks, lenders, and other financial companies treat you fairly.

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I overdrew my account by only one penny yet was charged the full overdraft fee. What can I do about this?

Answer:

Some banks and credit unions will let you overdraft your account by a small amount without a fee, so check with your bank or credit union to determine its policy. 

Try to avoid overdrafts even if your bank or credit union currently allows small overdrafts without a fee.

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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The content on this page provides general consumer information. It is not legal advice or regulatory guidance. The CFPB updates this information periodically. This information may include links or references to third-party resources or content. We do not endorse the third-party or guarantee the accuracy of this third-party information. There may be other resources that also serve your needs.

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