Stuck in the endless cycle of overdraft fees?
Unfortunately, it’s easy to do. And big banks are banking big bucks from your $30 mistake — they collected $6.4 billion in overdraft fees from Americans in 2016, according to a CNN analysis.
That’s a lot.
The good news? You might never have to pay an overdraft fee again.
There are some very nice banking accounts out there that won’t charge you overdraft fees — like Aspiration.
The Aspiration Account is an online-only account with no monthly fees, no minimums and pays up to 1% APY interest.
Yep! Instead of forking over $30 a month for an overdraft accident, you actually have a chance earn money on the balance of your account.
To open your shiny new Aspiration Account, simply connect your existing bank account and transfer over as little as $10.
Have a happy fee-less life!
Carson Kohler ([email protected]) is a staff writer at The Penny Hoarder. Full disclosure, she banks with Aspiration and couldn’t be happier!
The Penny Hoarder Promise: We provide accurate, reliable information. Here’s why you can trust us and how we make money.