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Reg on Charging NSF Fee/Continuous Overdraft Fee

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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)?

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 5/14/12

First published on 05/14/2012

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