Overdraft fees are fees charged by banks on accounts that do not have sufficient balance to cover payment or withdrawal commitments. In such instances, banks cover the charge by loaning the necessary amount and charging an overdraft fee to the account.
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0:00 Overdraft Fees Definition
1:01 Average Overdraft Fee for Banks
1:19 How to Protect Account from Overdraft Fees
2:10 Overdraft Fees Question
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