How was the ~800% interest rate calculated? $245 / $35.18 = 696% daily interest rate, which annually is ... well, it's incomprehensibly huge. Anyway, overdraft fees aren't loans, they're fees, so it doesn't make a whole lot of sense to think in terms of the APR. I will agree with this -- that sort of transaction sorting is a terribly nasty business practice. Will any banks simply deny the charge if you don't have the…
Did it on a simple calculator. I'll change it to 7 hundo if thats right.