Does Bank of America charge overdraft fees?

Bank of America caps the number of overdraft fees you can be charged in a day. Consumer accounts are subject to a total of two overdraft fees. Bank of America will decline ATM withdrawals and everyday debit card purchases when your account balance doesn’t cover the transaction. In this case, you will not be charged a fee.

Does Bank of America allow overdrafts?

Bank of America allows overdrafts on the following transactions four times a day at their discretion: Bank of America allows two overdraft options for your checking account: Standard – This allows Bank of America to pay checks, schedule payments, and charge you an overdraft fee.

What is Bank of America overdraft protection?

for overdraft protection is an optional service which allows you to link your eligible checking account to up to 5 other Bank of America accounts and automatically transfers available funds from your linked backup account (s) to cover transactions that exceed the available balance in your checking account.