How much is your bank costing you?
There is light at the end of the tunnel.
We’ve all been there.
A holiday weekend happens so your paycheck comes a little late.
You’re trying to be financially disciplined so your bills are on auto-pay.
The auto-debit from your account takes a couple days to show up so you don’t notice that its “pending.”
Oh and that student loan bill you dread every month? That sneaks in as well.
In a matter of just a couple days, you end up with a negative balance in your main account.
And if you don’t catch it by midnight, your bank can charge you an Overdraft Fee for every day your account is negative AND an Insufficient Funds Fee (NSF) for every merchant request that’s declined while you’re in the negative. These fees can range anywhere from $28-$38.
The terrible news? If your overdraft stays unpaid for some days, banks charge you Extended Overdraft Fees, pushing your bank account further into the red.
Talk about kicking you when you’re down.
This dangerous cycle of fees can really mess with your finances, payment schedule, and credit score. Not to mention the toll it takes on your health if you’re stressed about meeting your financial obligations.
So what do you do when you’re getting charged outrageous bank fees?
The good news? You can actually get some of these fees refunded to you. Yes, you read that right. You can get money back in your bank account.