Ever go on the limit with your debit card? know what happens. you may want to hear this. a policy on overdraft fees will soon take effect for bank of america customers. under the new rules customers cannot spend more than they have in the checking accounts on debit purchases. however, customers can go over the cash limit at cash machines as long as you agree to a $35 fee. this new policy is expected to cost bank of america billions in lost revenue this summer. peter barnes from fox business is with us. the thing was, you could be down to say $30, and you do a transaction for $35. they ll put it through but they ll charge you an extra however much money to do it.