There is a trend in US and UK towards reater transparency on overdraft fees. One of the dirty secrets in banking, is the ability to charge enormous fees in addition to overdraft interest. This practise worked because people preferred to pay the fee, rather than the embarrassment of bounced cheques.
The notion that [some] people warrant help from their bank, has been lost in favour of a one size fits all fee approach, and now that is in question.
Payments News: How to Comment on the Fed’s Proposed Credit Card Rule Changes – May 02, 2008
In addition, the proposed rules addresses practices in connection with a bank’s payment of overdrafts on a deposit account, whether the overdraft is created by check, a withdrawal at an ATM, a debit card purchase, or other transactions. The proposed rules require institutions to provide consumers with notice and an opportunity to opt out of the payment of overdrafts, before any overdraft fees or charges may be imposed on consumers’ accounts.
Bankwatch 
TD Banknorth is one of the dirties bank ever. recently i overdrafted by 49 dollars and to my surprise they charged me 225 dollars in fees for the overdrafts. my overdraft was the result of one 100 dollar atm withdrawl. the bank we3nt back to my withdrawls of the previous 5 days.(little purchases) they took the smallest ones and charged me fees on all the little charges. these were charges already posted to my account.. dirty dirty bussiness. what ever happened to your bank working with you. i recomend to all to stay away from td bank north. don’t look back
Yes, I had a similar experience with TD North.
I went elsewhere for banking