Matthew Miller of San Pedro, California thought that he had more than enough money in his account to cover his spending.

Read the rest of Matthew’s story at Huffington Post.

I started this site after growing frustrated with outrageous overdraft fees.  Here is my story:

My previous bank was a regional one that grew from acquisitions.  Due to my agreement with them, I offered to not follow-up with my media contacts if they returned my money.  Although Bank News Now is not the media, I think it is close enough and I would be dishonoring my word by naming them.

One day I went to the ATM knowing I had a lot of money in one account and not much in the other.  Although I had both a business and personal account, the check cards were exactly the same except for the business name being printed on with the additional of the word “business” in a small 7 or 8pt font.

I stuck my card into the machine and tried to take out $400.  The ATM had a limit of $300 so I took that out, put my card back into my wallet and then remembered that I had to make a second transaction to get more out.  I thought I pulled out the same card but I didn’t.  I put it in, punched in what I wanted and money spit out.