Data compiled by Moebs Services, a research firm revealed an astonishing fact that US banks expect to reap a record $38.5 billion in customer overdraft fees this year, almost double those reported in 2000.

The median charge has jumped up from $25 to $26, the first time in forty years that the charge has augmented during economic downturn.

Mike Moebs, Moebs Services' founder said, "Banks are returning to a fee-driven model and overdraft fees are the mother lode."

Big banks such as Citigroup, Bank of America and Wells Fargo charge the highest fees.

At Bank of America, a consumer overdrawn by only 6 dollars could trigger a $35 overdraft fee, which can be levied up to 10 times in a day.

As per an estimate, more than 75% of the service fees come from overdraft fees.

It may be noted here that the US Federal Reserve forced credit card rules previous year in order to curtail unjust practices like surprise fees and interest rate hikes.