An overdraft on an account is really a temporary loan by a bank for x amount of dollars for a given customer. If the fee exceeds 10% of the overdraft amount then the bank should be found guilty of usury or extortion and forced to pay a fee and/or imprisonment time for those responsible for imposing the usurious fee.
Legal enforcement will be necessary to avoid loan sharking by banks who charge a flat rate of $35 for an overdraft of $349 dollars or less. Justice is possible but usurious rates must be stopped and banks must operate within the law or not at all.
To understand what usury is read my blog on The truth about usury.
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