- Surcharge Fee - this is a fee that the owner of the ATM charges the consumer using the machine. (When you withdraw $40.00 from another bank's ATM and it shows on your account you withdrew $43.00, the surcharge is $3.00)
- Foreign ATM Fee: this is a fee charged by your bank to you for conducting a transaction outside of their network of machines.
- Denial Fee: this is a fee charged to a customer for attempting to withdraw more money than they are either allowed or for which they have sufficient funds.
An overdraft fee is a fee the bank may charge when it pays an item that causes the balance in your account to go below $0.00. The bank covers the purchase (you are not declined), your account goes into the negative and you are charged a fee for the service. Each bank has a different overdraft program and fees associated with it.
You must "Opt In" if you want the bank to cover your ATM and debit card purchases for amounts larger than the balance in your account. Each bank has different policies and fees related to overdrafts.
Returned Item Fee
A returned item fee is a charge when an item "bounces" or does not clear, meaning that you do not have enough money in your account and the bank will not cover the amount you do not have. As a reminder, checks and other items could attempt to clear your account several times and fees may be charged each time.
The most common service fees are incurred in connection with inactivity, transfers of funds, stop payments, card replacements,
wire transfers, cashier's checks, money orders, paper statements, mobile deposit, and excessive withdrawals.
These fees vary by type of account and bank. A fee schedule from the bank about the type of account you have can give you specific details about its fees.
Also called maintenance fees, this fee is charged monthly. All, or a portion of these fees, may be waived if certain criteria are met;
i.e. direct deposit, use of debit card, minimum or average daily balance. These fees vary by type of account and bank.
A fee schedule from the bank about the type of account you have can give you specific details.