Are overdraft fees predatory?

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Are overdraft fees predatory?

Rounding it up

  • Overdraft fees can be a good tool but are predatory when they’re relied upon or if the consumer is not aware that they’re enrolled.

  • The interest rate on overdrafted funds can end up being monumentally high.

  • There are plenty of better options than over-drafting your account, including a credit card or simply cash.

6 min read

Dan Bucherer
#Overdraft# debt#budgeting#bank overdraft

Dan Bucherer

Dan is a runner and writer living in the Washington, D.C. area, where he currently works for a financial services trade association as the Communications Director.

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#overdraft

#loans

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