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Bank Overdraft Fees

Can predictive analytics help banks, consumers avoid overdraft issues? New study says, yes. In 2012, consumers paid $32 billion in overdraft fees, which represented the single largest source of revenue for banks from demand deposit accounts, while leading to significant levels of consumer dissatisfaction and attracting attention from government regulators. In a recent study, researchers have found that it may be possible to help correct this problem through the application of sophisticated data analytics. Source 2f.

Fees Overdraft Bank

You can avoid getting close to or going over your overdraft limit by constantly monitoring your account. I use online banking for this to check my balance when I spend money.