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the Price of Overdraft Protection

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$ 14
Oct 2007
Asheboro, NC
Overdraft protection from savings to checking accounts  more... close row
$ 6
Jan 2008
Northeast Arkansas
Unlimited checks and overdraft protection  more... close row
$ 15
Oct 2007
Forks, Washington
Overdraft protection uses credit card and many fees  more... close row
$ 0
Apr 2008
Mt Laurel, NJ
Line of credit for overdraft protection  more... close row
$ 10
Apr 2008
New York ,NY
Credit card for overdraft protection  more... close row

Description of service

One of the reasons I got a credit card from my main bank was because they told me that it was a good idea to have a line of credit or overdraft protection for those times when you forget to balance your checkbook or issue a check without checking your balance. According to the bank, in case of a check issued over my checking account balance, the bank will honor the check/checks and at the end of the day, will add up all the overdrafts and deduct the exact amount from my credit card plus $10 for processing fee. I can have more than 1 overdraft check and still pay the same amount.

Review of Service

It is a very handy tool and back-up, especially for those who lead very busy lifestyles. While I enjoy balancing my checkbook, I know not a lot of people do. Even then, there are times when I forget to pay some bills and get into trouble paying a lot of late fees and penalties. I think this is much better than paying the regular overdraft fee of $22.00 for the first instance and $35 for each instance of overdraft thereafter.


I suggest you shop around banks, call them about their bank fees. While the rates are pretty standard, some banks will have lower overdraft protection fees to entice their customers to access the ready line of credit/ credit card which earns them interest.

$ 30
Jan 2008
athens ohio
Montly overdraft protection for up to $500 coverage  more... close row
$ 0
Apr 2008
Ashland, Ky
Only good things to say about bank  more... close row
$ 2
May 2008
Jim Thorpe
Transfer fee protected from overdraft protection  more... close row
$ 15
Mar 2008
Kansas City, Mo
Overdraft protection for line of credit  more... close row
$ 19
Mar 2008
Ida Grove, IA
Our local bank is one of the highest in the  more... close row
$ 0
Jan 2008
Belmawr, NJ
Overdraft protection draws funds from credit card  more... close row