What is Overdraft Protection? (Part 3)

What is Overdraft Protection? (Part 3 of 3) In part one of “What is Overdraft Protection?” we reviewed how overdraft protection can actually be a few different types of services offered by a bank.   A formal overdraft protection “program” that allows overdrafts and charges overdraft fees.   Overdraft protection from another account.  . Overdraft protection from a line of credit. I explained an overdraft protection program in the part 1 of “What is Overdraft Protection?”.  In part 2 of “What is Overdraft Protection” I…

What is Overdraft Protection (Part 2)

What is Overdraft Protection? (Part 2 of 3) In part one of “What is Overdraft Protection?” we reviewed how overdraft protection can actually be a few different types of services offered by a bank. A formal overdraft protection “program” that allows overdrafts and charges overdraft fees.   Overdraft protection from another account.  . Overdraft protection from a line of credit. I explained an overdraft protection program in the part 1 of “What is Overdraft Protection?”.  If you need to learn about an Overdraft Protection Program,…

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…