Escape Fees Now Bank Overdraft Protection Alternatives Work

Real-World Examples and Statistics

A study by the Pew Charitable Trusts found that 18% of bank account holders incurred at least one overdraft fee in the past year². Additionally, the same study revealed that most overdraft fees are charged to a small subset of consumers, with 8% of account holders responsible for nearly 75% of all overdraft fees³. These statistics underscore the importance of exploring alternatives to traditional overdraft protection.