Consumers are using buy now, pay later plans to pay for essentials such as groceries, as concerns around the economy grow.
  • Confused_Emus@lemmy.dbzer0.comEnglish
    3·
    8 hours ago

    Recurring charges like utility bills are often processed regardless of overdraft protection status - ultimately at the bank’s discretion, and you can be sure they’ll pick the option that gets them the most fees. Overdraft protection only seems to stop you from using your card for a new transaction with insufficient funds.

    • MangoPenguin@lemmy.blahaj.zoneEnglish
      1·
      2 hours ago

      Yeah I meant banks that allow overdraft but charge no fees, Ally for example.

      Using a credit card is also a good option, just as long as the budget is managed correctly to avoid running up more and more debt.