I have been charged so many overdraft fees by my bank, now I cannot pay my bills there are 1300.00 worth of fees.
Is there a way to get these reversed
If the fees built up because your account was actually overdrawn, then your options are limited. But saying that you need to understand banks have setup a system which is likely to result in big overdraft fees. For example, they will clear the largest checks against your account first in hopes of bouncing multiple smaller items.
Some banks, not all, have said they will change their was. Don’t hold your breath for that. It will take some legislative interaction most likely.
Your options at this point are to find a way to live within your income so you can meet your current obligations and have enough extra money leftover each money to pay down the balance due.
You can always attempt to negotiate a lower amount with the bank but don’t expect them to budge much.
Do you have other debts you owe?
Once this crisis is resolved the best way to avoid this in the future is to make sure you are building a balance in your savings account or emergency fund each month. Cash in savings would have prevented the overdrafts and thus the fees. Not having money is savings essentially cost you $1,300.
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