Overdraft Guides

Category

money being withdrawn from ATM
To take the stress out of covering expenses, enjoying a night out, or grabbing that urgent purchase when you need it most, this guide will walk you through ATM overdraft withdrawals and show you how to protect yourself against high overdraft fees, outline simple ways to get the quick influx of cash you need, and...
man holding cash
To help you get the money you need, the moment you need it, we’ve rounded up the best financial apps and online banks that let you overdraw your account. And because we want to see you walk away with more money in your pocket, many of these don’t charge overdraft fees!
woman checking tot odp swp cr memo on phone
When bills and bank notifications fly from your phone to your laptop & your mailbox, it’s easy to get lost in jargon. So, what does tot odp/swp cr memo? We’ll answer that question in the next 30 seconds.
overdraft protection program transfer to checking
Wondering about a strange item on your bank statement that reads “ODP transfer to checking” on your bank account statement? Well, there’s some good news and some bad news. The bad news is that your checking account had a negative balance, which can result in costly and inconvenient bounced checks and declined debit or ATM...
overdraft my checking account
Before looking at the overdraft fees and limit of your bank, check out these apps PockBox Get it now PockBox is the perfect app to top up your checking account (with up to $2,500) and use the money to buy stuff online. The process is sleek and straightforward. You will just have to give some...
overdraft account balance
Performing an account balance check is without doubt the most useful thing you could do to avoid overdraft fees and have an overdrawn bank account. In fact, it is the best thing you could do to avoid bank fees in general. Many of us fail to check our balance regularly although it is completely free....
man holding debit card and smiling
Studies show 1 in 3 American consumers overdraw their checking accounts annually. Sometimes getting through the month is tough, but that doesn’t mean you need to go without the funds you need. Let’s take a look at how to withdraw money from an overdraft account, as well as discover a few no-fee alternatives to help...
man holding debit cards
If you’re asking yourself how to overdraft a debit card on purpose, this is the right article for you. Read on to find out how to overdraft a debit card, manage your money, and access no-fee alternatives to help you spend money on the things that matter without worrying about looming overdraft fees.
money being withdrawn from ATM
To take the stress out of covering expenses, enjoying a night out, or grabbing that urgent purchase when you need it most, this guide will walk you through ATM overdraft withdrawals and show you how to protect yourself against high overdraft fees, outline simple ways to get the quick influx of cash you need, and...
We all know the frustration of needing a little more cash to pay a bill or make a small purchase before payday arrives. When you need a few extra bucks to see you through to your next paycheck, an overdraft can help - but there can be significant fees to be aware of. This guide...
overdraft LGBTQ
This article is part of the Overdrafting in the United States report “According to a recent report,” said Seth Meyers on the “Jokes Seth Can’t Tell” segment of “Late Night With Seth Meyers” in late 2017, “gay men earn more money than straight men. Because straight men work but gay men weeeeeeerrrrrkkkk.” Meyers was immediately...
americans overdraft
This article is part of the Overdrafting in the United States report OverdraftApps set out to learn just how hard Americans are hit by overdraft fees, or fees incurred when a bank charges customers for letting them use more money than they have in their accounts (either by linking their checking account to another, like...
overdrawn meaning
You were recently charged an overdraft fee and you want to know – what does overdrawn mean? It simply means that your account has a negative balance. Any transaction you now make will cost you a lot of money! The way the banking system works in America is quite straightforward. Every transaction that will bring...
purpose of a budget
A budget is essentially a spending plan or a guide for how you’ll allocate income for expenses, debt repayment and savings. Budgeting can be tedious, restrictive and difficult at first, and some people would rather stick their head in the sand than deal with their money. But regardless of your income level, you can’t go...
overdrawn bank account
We have all (ok, most of us) been there! You miscalculated your expenses? Your paycheck is a bit lower this time around than usual? In this article, you will find concrete tips to prevent having an overdrawn bank account, and learn what to do when you bank account has a negative balance. Overdrafting is very...
overdraft check
Do you need to write an overdraft check? If you do, this check will cost you a lot of money because your bank will have to cover you. That’s because the amount you write on the check will be higher than what you currently have in your checking account. Although it is quite expensive, writing...
open checking account online instantly
Many people are “fed up” with banks and their frequent unwillingness to work with individuals. What they may not know is that they can open checking accounts online instantly with many known banks directly from their websites or with online banks (that is, banks with no physical branches). Online banking is becoming one of the...
open no deposit checking account online
Is there any way to open a checking account online with no deposit? Yes, there is! Some banks won’t work with people who have very little money, but according to the FDIC, 93% of all Americans have a checking account. It’s almost a necessity for doing business in today’s world. Some employers refuse to issue...
how to pay an overdraft
Sometimes, there just isn’t enough money to go around. And if you don’t keep a close eye on your checking account, you may accidentally — or intentionally — overdraft and spend more money than you have available. For this reason, it’s important that you understand how to pay an overdraft. If you sign up for...
overdraft your bank account
If you want to learn how to overdraft your bank account on purpose, you got to the right article. The first step is to enroll in your bank’s overdraft protection service. Overdraft protection covers you if you spend more money than you have in your account. If you have, say, $40 in your account but...
overdraft fees waived
If you wondered how to get overdraft fees waived, this is what you should do: call your bank. Making that call can turn out to be very rewarding as more than 50% of people who tried complaining to their bank after getting hit with a credit card or an overdraft fee found it to be...
how long can your checking account be overdrawn
Even the most financially savvy people can find themselves overdrawn from time to time. Overdraft fees can soon add up so it’s a good idea to bring your account back into a positive balance as quickly as you can. But with that said, how long can your checking account be overdrawn before more severe consequences...
how does an overdraft work
How does an overdraft work?  Great question! An overdraft is like getting an automatic loan from the bank when your balance goes below zero. An overdraft allows you to make a payment or purchase even if you are out of money. Overdraft Fees Banks charge interest and fees on the money you borrow (the money...
debit card overdraft limit
Need cash quickly, even though you have insufficient funds in your checking account? If you have overdraft protection, you may be able to withdraw funds from an ATM, subject to your debit card overdraft limit. In this article, find out more about using your debit card when you have no money and also how overdraft...
overdraft savings account
Can you overdraft a savings account? In short, the answer is “yes.” Any time you spend more than you have in the bank, your account will be in overdraft. While the best way to avoid overdrafts is to spend less than you make, that doesn’t account for mistakes in math or in miscommunication with other...
overdraft negative account
We’ve all been there – asking our banker, “ Can you overdraft a negative account ?” The answer is yes but it’s more tricky than you may think. Any time you spend (or trying to spend) more money than you have, it’s going to cost you in either fees or penalties. You could take steps...
overdraft debit card
If you are short in cash for the next few days and you were just wondering “damn, can you overdraft a debit card? – well, this article explains it all. If you are looking for extra money, overdrafting your debit card is definitely a possibility. But before doing it, there are few important things you...
open checking account online
The short answer is, yes. Banking today has been easier than ever, a process that involves tapping a few keys and voila! You’ve got a checking account. There are many banks that allow you to open a checking account online, a process that can come in handy if you have no time or if you...
buy stuff checking account number
Online shopping offers unrivaled convenience – you can buy electronics, clothes, groceries, or practically anything from your phone or computer and have it delivered to your door as fast as the same day! However, if you don’t have a credit or debit card, it can be tough to access the variety and savings that online...