Thanks go to the Columbia Journalism Review for the link to a study by Felix in overdraft fees in relation to how much consumers actually overdrawn:
"The typical overdraft fee these days is in the $35 range. And how much is borrowed when people get an overdraft? The thing is that most of the time the overdraft is inadvertent — which means that the account drops only a tiny bit below zero. In the case of debit-card transactions, the average overdraft is only $17."
$35 is way too much! Why not just charge us exactly the amount that we went over anyway? I mean, it's not like the banks actually HAVE the money sitting in their vaults.