What is Overdraft Protection?

What is Overdraft Protection? (Part 1 of 3) One of the least understood banking products of the 21st century has got to be Overdraft Protection. Some customers really like it, but as a banker, I can assure you that banks like the fees more.  In this post I'll review the following: What is overdraft protection? What fees are involved in overdraft protection? Types of Overdraft Protection Overdraft protection laws that help protect you. What is Overdraft Protection? In order to understand overdraft protection, you first…

How Does An Overdraft Work?

How Does An Overdraft Work? As a banker, I get this question quite a bit.  When you think about it, don’t you find it quite amazing none of those “valuable” high school courses didn’t have a day or so to talk about bank account overdrafts?  Didn’t someone think it may be useful to learn how to avoid overdraft  fees and save thousands of dollars over our lifetime?  I guess learning geometry – which I never use- was more important! Knowing how overdrafts work will definitely…

Getting Back Overdraft Fees in Three Easy Steps

Getting Back Overdraft Fees in Three Easy Steps In this post I talk about how to get back your overdraft fees in 3 easy steps.  Coming from a banker who reverses overdraft fees all the time, it should work great for you!  Before asking for overdraft fees reversed, you should understand the types of overdraft fees.  This way you can have an intelligent conversation about them and increase your chances of getting the fees reversed.    If you need to review the different types of overdraft…