No. of Recommendations: 3
The other item that the OP needs to do is verify if overdraft protection is enabled on the account. Some banks were very aggressive about seeking permission. Not knowing the institution, it is possible that authorization was "accidently" obtained by website tricks or a phone call. Given what some institutions have done it is possible that it was enabled without his permission.

The OP indicated in this post http://boards.fool.com/you-can-certainly-change-banks-but-ma... that the fee was for transferring money from savings to checking in case the checking balance went negative. Additionally, the OP also indicated that the action of having to have money moved from savings to checking occurs 'a lot' on their acocunts, so it sounds like the OP voluntarily signed up for this action to occur. If the fee was recently implemented, the OP was probably notified, but the notification may have been buried in fine print. If this is an account that was recently opened by the OP, it may be that the OP signed up for the transfers to occur without understanding that this CU charges for these transfers, although, I'm sure it was in the fine print of the account agreements.

AJ
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