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Transactional accountWhen you try to make a transaction that exceeds your account balance, your bank will either decline the transaction or let it go through (usually for a fee), causing your account balance to go negative and be overdrawn. What the bank does depends on if you have an overdraft protection plan, and if so, what […]
Guess what…studies show that NOBODY has money saved for a rainy day. Even those making the big bucks would be in big trouble if they were to hit a financial snag – a broken down car, a period of unemployment, etc. Truth is, unexpected expenses (often emergencies) are a lead reason people end up with debt. […]