Cash Advance Problem Solver: Overdraft Fees

Overdraft fees got you over the edge? One Upstate man is downright angry over hundreds of dollars in fees his bank hit him with instead of declining his purchases. Dianne Derby tells you how to keep it from happening to you and where you can complain if you think your bank has gone too far.

Your Cash Advance News Source Quoted With Edits From: Problem Solver: Overdraft Fees (WSPA Spartanburg)

Hit Hard by Overdraft Fees

Hit Hard by Overdraft Fees?Apply for a Cash Advance

Mark McLean, former customer of Wachovia bank, was recently hit hard with overdraft fees. McLean was charged over $500 in overdraft fees–a $35 fee for every over-withdrawal. McLean was outraged because some of those overdraws were only $2 or $3 at Taco Bell. Instead of paying $3 for tacos, he was paying over $35!! McLean wished Wachovia just would have denied his ability to pay for all of those things, but Wachovia insisted that being rejected is embarrassing. Additionally, Wachovia spokesperson, Christine Shaw, said that sometimes you just need the payments to go through—like on an auto pay bill.

A Better Alternative

Often times, when you overdraw your account, it’s an accident. You’re unaware of how much money you have in your account, and you make small withdrawals like Mark McLean. Other times, you know you have an automatic bill payment coming up, and you also know there isn’t enough money in your account to cover it. You don’t have to overdraw your account and face overdraft fees. There are better alternatives! You can cancel the auto payment and get a cash advance to pay the bill. That way, you avoid the outrageous fees, and you simply pay the loan back when you get your next paycheck. It’s always good to have choices.