Summary
When your bank statement shows overdraft fees, it signals a serious red flag—and it’s time to move your money. The article argues that many banks trap customers with hidden or excessive overdraft charges that erode the value of their accounts over time. It advises people to monitor their statements closely and consider switching to banks or accounts that penalize overdrafts less—or not at all. By choosing an account with no overdraft fees or more consumer-friendly policies, you protect your finances and avoid these recurring surprises. Stay proactive: if you see overdraft charges, act now and switch to a more suitable option.
The Motley Fool
