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Would you pay $36 for a cup of coffee?
Of course not, but that is what runs the risk of happening if your account becomes overdrawn. Banks and credit unions are charging between $20 and $35 for the “convenience” of allowing you to overdraft.
high fees mean that someone who overdraws their account at the [...]
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Overdraft fees are the amount you pay for the “courtesy” of the bank allowing your payment to go through when the funds were not available in your account to cover the payment. If gone unnoticed, these fees can rack up very fast. At an average of $30 per transaction, 4 transactions could result in $120 [...]
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