Answer:
No. Check the law of your state. Laws and regulations set minimum standards for fairness. It's okay if banks choose to exceed those standards on occasion.
First published on BankersOnline.com 5/14/12
Reg on Charging NSF Fee/Continuous Overdraft Fee
Question:
Is there anything in regulation that prohibits the charging of an NSF fee or continuous overdraft fee if the overdraft was caused by a bank fee (ie monthly service charge)?
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