Overdraft fees can be real killers. You likely already have some financial challenges to get into that situation in the first place. To add insult to injury, you’re charged a considerable amount of money as a penalty.

Banks are growing more reliant on these fees. These fees account for over $32 billion in income for banks each year.

Banks even have software that maximizes your overdraft charges. Imagine that you have $100 in the bank and two outstanding checks for $200 and $50. If both of those checks become payable around the same time, the software will ensure that the $200 check gets paid first. That way, you’re overdrawn twice rather than just once.

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