- The average overdraft fee at the Big Banks is $35.
- Most often these fees come in waves, 2–4 at a time.
- Big Banks let you overdraft your account without any notice or decline at the register.
- Big Banks made $12 Billion in overdraft fees in 2019.
- This has dropped to $6 Billion now as over 30 Million Americans started using online banks.
- These fees are what drive Americans to payday loan stores.
The Benefits of Using an Online Bank or Banking App
- No overdraft fees.
- No monthly fees.
- Get paid before your payday.
Banking Apps We Think Are Good for the Consumer
- Qube Money Cash Envelope Banking App.
- Chime Banking App.
- Dave Banking App.