learn what other users had to say about

the Price of Overdraft Protection

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$ 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
$ 2
May 2008
Jim Thorpe
Transfer fee protected from overdraft protection  more... close row
$ 0
Apr 2008
Ashland, Ky
Only good things to say about bank  more... close row
$ 15
Mar 2008
Kansas City, Mo
Overdraft protection for line of credit  more... close row

Description of service

I recently received a bill for $15 from my bank for my line of credit overdraft protection. I have had this service, for many years, and rarely have written a check that wouldn't have been covered. This is the first time I had received a bill for this service. I asked my banker when this had become policy, and was told it had been that way for two years. Of course, I'm not fond of paying for a service that I've used only about three times in fifteen years, but if it's used once, it has paid for itself.If you consider that bank charges can run $30-$35, and a similar amount to the business where you wrote the check, the savings are obvious.

Review of Service

It's difficult to review a service that you pay for but don't use, sort of like insurance. But like insurance, you buy it for the peace of mind, hoping that you won't have to use it. Under those circumstances, it's well worth the price.


I would suggest exploring any other options that might be available, such as tying into a savings account or credit card to protect against possible overdraft charges. Of course, the best advice is to keep track of your checking account and don't over draw in the first place.

$ 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