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Finance Tip of the Day

Say NO to Overdraft Protection

  • 2016 21 Sep
Say NO to Overdraft Protection


Say NO to Overdraft Protection

study conducted by the Center for Responsible Lending found that American consumers are paying over 17 Billion a year in overdraft protection fees! With an average fee of $27 a pop, consumers are paying a fortune to banks for the privilege of overdrawing their account.

  • Call your bank and opt out of the overdraft protection
  • Review your spending to see what’s causing you to overdraw your account
  • Create a budget to protect yourself from going negative

Today's tip brought to you by Mvelopes and Money4Life Coaching.