Bank of the West eliminates return item and extended overdraft fees
SAN FRANCISCO, September 20, 2022 /PRNewswire/ — Bank of the West, a subsidiary of BNP Paribas, has eliminated fees for returned items (also known as insufficient funds [NSF] fee) and extended overdraft fee for all personal and unanalyzed business accounts effective today.
The Bank of the West Returned Item Fee was previously charged when a cheque, recurring debit card payment, or automatic payment was presented to a customer’s account with insufficient funds available. The Bank’s extended overdraft fee was applied when a customer’s account remained overdrawn by $15 or more for five days. Customers will no longer have to pay NSF fees or extended overdraft fees on their accounts.
About West Bank
At Bank of the West, we know that money deposited in a bank has the power to fund positive change. We therefore take steps to ensure that our activities help protect the planet, improve people’s lives and strengthen communities. We are redefining banking for a better future by focusing on areas where we believe we can have a real impact: supporting the energy transition, helping women entrepreneurs and financing innovative start-ups. As a bank for a changing world, Bank of the West is committed to sustainable finance alongside its parent company BNP Paribas. Through digital channels and offices across the United States, Bank of the West provides financial tools and resources to more than 2 million individuals, families and businesses.
© 2022 West Bank. FDIC member. Equal Housing Lender. Do business in South Dakota as the Bank of Western California.
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SOURCE Western Bank