Overdrawn Handling Charge at Scotiabank: Everything You Need to Know

You're probably familiar with the phrase "overdrawn account" if you've had a bank account for a while. It's not a pleasant scenario, but it can happen if you accidentally spend more money than you have in your account. As a result, your bank may charge an overdrawn handling charge. This article will provide a comprehensive overview of the overdrawn handling charge at Scotiabank and the various options available to customers.

Understanding Overdrafts and Overdrawn Handling Charge

Overdrawing occurs when you spend more than the amount in your bank account. Scotiabank, like many other banks, charges a fee known as the overdrawn handling charge, typically ranging from $5 to $7, for allowing the transaction to go through. Understanding these fees can help clients avoid unnecessary charges and manage their finances better.

Options to Handle Overdrawn Handling Charge

Scotiabank provides three main options for dealing with an overdrawn situation: Online Banking, Mobile App, and Customer Service Call. Each of these options provides a unique approach to managing your account and tackling the overdrawn handling charge.

Online Banking

Scotiabank allows customers to monitor their accounts through their online banking service. By logging into your account, you can check your balance, view your transaction history, and maintain a closer eye on your finances. Here's how:

• Sign into Scotiabank's online banking.
• Go to the "Accounts" section and select the account you want to check.
• Within your account, you can view your current balance and transaction history.

Scotiabank also offers overdraft protection, which you can apply for online to avoid future overdrawn handling charges.

Mobile App

The mobile app allows Scotiabank customers to manage their accounts from anywhere. You can check your account balance, track your spending, and even request overdraft protection, all from your mobile device. The steps are as follows:

• Download the Scotiabank Mobile app from the Google Play or Apple App store.
• Sign in using your online banking information.
• From the main dashboard, select the account you want to check.
• Under 'Account Details,' you can see your current balance and recent transactions.

The app's user-friendly interface ensures you'll easily navigate through your accounts, making it a convenient option to handle an overdrawn situation.

Customer Service Call

If you're more comfortable speaking with a person or have additional queries, Scotiabank's customer service is a good option. They can guide you on your account details and the next steps to tackle the overdrawn handling charge. Plus, they can also assist you in setting up overdraft protection. Here's how to reach them:

• Call Scotiabank's customer service number.
• Follow the automated system instructions and choose the option to speak with a representative regarding account concerns.
• Explain your situation to the representative, who will then provide guidance and possible solutions.

While it might take longer than the other methods, this option offers a human touch and personalized advice.

Conclusion

Overdrawing your account and encountering handling charges is a situation many prefer to avoid. Scotiabank offers varied solutions via Online Banking, their Mobile App, or through a Customer Service Call. Familiarizing yourself with these options not only helps you resolve current overdrawn situations but also prevent them in the future.

Remember, the best way to avoid an overdrawn handling charge is by monitoring your account consistently, tracking your spending, and considering services such as overdraft protection. Make your finances a priority!