Investing in Cash
Banks and Credit Unions
Why do account holders put their accounts in overdraft situations?
Account holders put their accounts in overdraft situations because of the wide availability of debit cards and their (mis)management of these expenses. People are becoming accustomed to making many small purchases with debit cards, instead of using cash. Even one purchase for a few dollars, when it arrives at an account short of cash, will cause the account holder to be charged nearly $35 at some institutions.