Anonymous
Canada
Today, I found out my bank charged me $50 for not having any money. Way to go bank, way to go. FML
Collection
Halloween
A failed costume, stolen candy and a very real scare: Halloween, the one night when fear is allowed.
Same thing different taste
witt75
This FML is from back in 2011 but it's good stuff
United States
Thanks, appreciate it!
Today, I was overdrawn $15 at the bank. I paid in my last $80 in cash, only for them to inform me that I've been slapped with $90 in overdraft fees. FML
armenta427
United States
Today, I found out that my parents are 28,000 dollars in debt and that my bank account has $27.17 in it. They took my money to help pay their debt. FML
Alyce
Lewistown, United States
Bunch of bankers, the lot of them
Today, I went to deposit a check, only for them to accidentally deduct the whole thing from my account. I didn't notice this until I went to buy groceries, after the bank had closed. I'm in negative numbers and will get an overdraft charge by the time I can get it fixed. FML
Anonymous
Okayama, Japan
Can't buy me love
Today, I realized while paying bills on my phone I fat-fingered which credit card I was paying and sent 299 to a paid-off card instead of 200 to another one. Now I'm going to have overdraft fees too. FML
amused
This FML is from back in 2014 but it's good stuff
Toronto, Canada
Waiting for that trickle down
Today, I looked at my bank balance. It read $1.23. That's higher than it usually is. FML
tinaburrito
France
Today, I found out my bank account was in the negative because my work gave me a check that didn't clear. I went to my bank to get a statement of charges so my job could reimburse me. They told me requesting a statement costs 8 dollars, which I don't have because my account is in the negative. FML
latepayer
United States
Today, I found out that I owed my school $0.20. They decided to charge me a late fee of $20 for deferring the intial payment. FML
Celina
United States
Today, I have -$700 in my current account, $500 from overdraft fees because I spent money they told me I had. I don't get paid till the 15th and when I cash in my paycheck all of it will go to bringing me even. So the $9 I found in my wallet this morning will have to last me untill the 30th. FML
Anonymous
Overdraft blues
Today, I got a text from my bank saying that my chequing account is below the threshold amount, and that they will have to charge me if I don’t deposit money soon. FML
WTF
United States
Bunch of bankers
Today, my bank overdrafted my account to pay a bill that isn't due until next month. When I called them, they said they would fix the mistake, but I have to restore the account to zero before they'll give me my money back. So, I have to pay for my own money with the money they won't give me. FML
Top comments
CueTheMusic 22
I would imagine that is an (albeit pretty high) overdraft fee? Consider cancelling the overdraft, then keep an eye on your account to make sure you don't get that low in future, or consider switching to a fee free planned overdraft with another bank. Check the terms though!
purplemango 21
It's probably stated somewhere in their policy, right? If not, definitely try getting it back!
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Comments (52)
zAstonish 20
Comment moderated for rule-breaking.
Then maybe your should get some money. I have money, they're great!
shaft6425 8
you need to learn how to write properly.
CaptainCore993 19
Comment moderated for rule-breaking.
You*
AmIReallyRenee 20
Comment moderated for rule-breaking.
lmfao! this comment is soooo bad hahaha I'm going thumb down you bc even though I laughed it's still so terrible xD
gantoman 13
#22 stop.
cooltatgar 31
The fee on low credit only applies to a certain amount, say 100$, not 0.
purplemango 21
It's probably stated somewhere in their policy, right? If not, definitely try getting it back!
jeepers_1 21
it would be in the terms and services agreement that OP would have signed when they open an account. By law Canadian banks have to provide it to the customer.
CueTheMusic 22
I would imagine that is an (albeit pretty high) overdraft fee? Consider cancelling the overdraft, then keep an eye on your account to make sure you don't get that low in future, or consider switching to a fee free planned overdraft with another bank. Check the terms though!
cheeeksss 29
I second 4's comment. Most banks provide the option for your account to decline transactions that would make your account overdraft. Thus, saving you from getting charged a fee.
cacheson 42
It may not be an overdraft fee. B of A charges $12 every month that your account balance is under $300, that's why I cancelled my account with them. Credit unions are the way to go!
MandieL 27
I had an overdraft that charged me 5$ each time I used it. My bank has the option to do a per transaction fee or a solid fee of like 15$, or something like that. It could also have been a NSF fee, depending on the bank, those can be pretty pricy.
toaster87 19
A lot of banks have a min balance requirement if you don't have direct deposit set up or a college account.
concon4815 10
They have to pay money for the services they provide, like ATMS, Cashiers, online services and mailing you things. So it makes sense that they charge you if you don't give them enough that they can invest and make money too.
jeepers_1 21
the amount is about what an NSF charge would be. Which is $48. So OP probably tried to put through a cheque to someone or make a payment and they didn't have enough money in the account.
TheNewGuy03 29
I feel ya. I bank with Wells Fargo. Once upon a time, not long ago, I got blindsided with a series of recurring payments (some of which I thought I canceled, but never mind that. The end result is that I wound up owing the bank over $400, as they charged me nearly $40 for every transaction (some being as little as $5). And I didn't get paid just yet. The problem with this system is obvious: it makes it harder and harder to rectify your account balance.
rainbowsRlove 15
always keep your eye on your account! I check mine once a week. pay the fee and learn from the mistake
chuka81 27
Canadian banks are not as nice as Canadians I guess.
DrownedMyFish 18
I'm sure they called to apologize after they did it.
SAGARCo 19
Canadian banks should say eh at the end of every sentence.
Silk_Routes 14
These are mandatory minimum average balance charges, cant be avoided
Mauskau 36
Yes they can, don't have a bank account with an overdraft. I'm happy without an overdraft, I can never go past 0.
jeepers_1 21
overdraft is essentially a credit product. if your credit is good go in and apply for it.
hasooon 24
Some credit cards have minimum balance policy that you should maintain. Say for example, If u have less than $1000 in your account, they will charge you $50 annually. Unless you have more than $1000, which you don't. FYL
amileah13 26
"Let's see... Oh! They don't have any money in their bank account or not enough. Let's take out money for ourselves and laugh as they watch their bank account(s) plunge into the negative side." Said every bank ever. Story of my life too :(
saffy66 34
The Australian government stepped in a few years ago and made the banks review their fees and justify the ridiculous amounts they were gouging from customers. As a result a lot of fees were lowered. But of course if you overdraw your account or write bad cheques, you have to expect some sort of penalty. $50 is a bit rough though.
jeepers_1 21
an NSF charge in Canada is $48.