learn what other users had to say about

the Price of Overdraft Protection

Submitted by  
$ 14
Oct 2007
Asheboro, NC
Overdraft protection from savings to checking accounts  more... close row
$ 15
Oct 2007
Forks, Washington
Overdraft protection uses credit card and many fees  more... close row
$ 6
Jan 2008
Northeast Arkansas
Unlimited checks and overdraft protection  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
$ 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

Description of service

The overdraft protection that I was offered works like a credit line. I applied for the overdraft protection and they let me know that I was approved. How it works is that if I overdraw on my checking account then they transfer over money from the credit line into my checking account. I then receive a monthly statment on the overdraft that tells me what I owe. I have 1 month to pay it back without receiving any finance charges. If I do not pay it back I then receive finance charges at the current interest rate.

Review of Service

This service is ok. I like the fact that they trasfer the money for me so I do not overdrawn my account but I do not like the fact that it is a credit line. I would prefer that it would draw from my savings account. They do give you 30 days to pay it back. I also like the fact that I can just transfer the money from one account into my credit line so I do not have to write a check.


Check with your bank to see what they overdraft policy is. Check to see if there are any fees associated with using the overdraft.