Overdraft Fees | Bank Charge Protection

Overdraft fees and bank charges are common with traditional checking and bank accounts. Our payroll debit card offers a full banking solution with no overdraft fees and you have full overdraft charge protection by not being allowed to spend more than your available balance. To prevent overdraft fees, your card will simply decline the transaction and save potentially hundreds of dollars in overdraft charges.

Overdraft charges may also impact your credit rating. To prevent possible overdraft fees from harming your credit, our direct deposit payroll debit card guarantees you will receive no overdraft charges, and therefore will have no impact to your credit rating.

Here are some interesting facts regarding bank overdraft charges:

• Overdraft protection can cost you as much as the overdraft fees plus overdraft interest penalties.
• Banks typically charge $40 million per year in overdraft fees.
• Overdraft charges may result in bank account closure or suspension in addition to overdraft fees.
• Bank overdrafts may disqualify you for up to 5 years from opening a new bank or savings account.
• Banks typically report to the credit bureau every 30 days and therefore an overdraft may be reported.
• Many other prepaid debit cards and payroll cards charge overdraft fee charges.

Over time, bank overdraft charges can add up. Keep your money at our fingertips. Protect yourself and your money by eliminating the possibility of overdraft charges and unnecessary bank fees today by signing up for our direct deposit payroll debit card.