Latest Posts
Home > Debt Articles > Banking > Overdraft Fees On The Rise Warns Cambridge Credit Counseling

Overdraft Fees On The Rise Warns Cambridge Credit Counseling

From the kind folks over at Cambridge Credit Counseling comes this warning and advice about overdraft fees.

“At one time or another, you may have had the misfortune of over-drafting your bank account. An overdraft occurs when you make a purchase or ATM transaction but don’t have enough money in your bank account to cover it. For a fee, anywhere between $25 and $35, your bank will cover the transaction. That’s a pretty high price, and one that can be triggered several times a day if you attempt to make multiple transactions with an insufficient balance. In July 2010, the Federal Reserve implemented rules that were supposed to reduce the number and severity of bank overdrafts. However, two years later, not much has changed. In fact, things may be getting worse.

Kudos to Thom Fox over at Cambridge from providing some great advice for people, yet again.

Overdraft Fees On The Rise Warns Cambridge Credit Counseling
Get Out of Debt Guy – Twitter, G+, Facebook

Overdraft Fees On The Rise Warns Cambridge Credit Counseling by

Share This and Spread the Word

About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.

Close

I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.