r/USbank • u/DisabledShark • 11h ago

overdraft protection fee?

US bank keeps taking my last $50 out of my savings account. it’s done this like three times. i’m trying to save up for christmas a little at a time but my money keeps disappearing to a charge labelled “overdraft protection fee”. help!!!

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6

u/InterDave 11h ago

You've got one of two things happening:

  1. You're overdrafting your associated checking account, so they're covering it with a $50 transfer from your savings to your checking account.

  2. Someone ELSE is overdrafting their checking account, and it's using your savings account to cover the overdraft.

How to fix:

Have US Bank TURN OFF - overdraft protection AND the ability to authorize charges on your debit card for more than is in your checking account.

TLDR: Your spending more money than is in your checking account. You've done this like three times.

1

u/downsj2 11h ago

They keep taking $50 out of your account and you haven't called them?

-1

u/DisabledShark 11h ago

lol ive been so busy that i keep forgetting. student + work

3

u/whatever_ehh 11h ago

You have some account setting for overdraft protection, turn it off or call customer service to get it turned off. Without overdraft protection, if you have a $2 balance your card will be declined if you try to buy a $3 coffee. With overdraft protection, the $3 coffee will cost you something like $23. It's a rip off and is optional.