the Price of Overdraft Protection

My grandmother is elderly and a lot of times she forgets how much she has spent and has a real hard time remebering to balance her checkbook.The over draft fees were really starting to pile up so we decided an over draft protection plan would be the best thing for her.The fee is 30 dollars and covers up to $500 in over drafts.This was well worth it because alot of times she would bounce checks and the fees from those alone could get to be very costly.

The bank is the company that suggested an overdraft protection.We were a bit leary at first because with her being on a fixed income this money would really put a squuze on her.They were very thoughtful of the situation and showed us her records of how much she was paying out each month in bounced checks.They were able to start the service immedietly whicj put us at ease since she had just paid her bills for the month and we were not sure if she had done everything properly.

A lot of the place where my grandmother got confused were when the bills took a long time to clear and she thought they must have already taken the money out and she had extra.Keep an up to date recird of your transactions.We have gotten in the habit of calling once a week to see where he account stood.If you discover that your account has been overfdrawn put the money in asap to cut down on the expenses.