Say you are out having dinner with friends when the waiter brings back your debit card, shaking his head and asking if you have some other way to pay.
How embarrassing. What is it worth to avoid the inconvenience of having your transaction declined because your checking account is a bit light? A new report from the Consumer Financial Protection Bureau spells out how costly it can be; here’s how to tell if your bank’s overdraft protection program is a useful convenience or an expensive trap.
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