Payday Pundit

A new documentary takes at look at overdraft and bounced check charges. 

According to Bankrate.com, the average NSF fee is now $28.23 and the average overdraft protection fee is $29.00. 

Knowing that those fees hit whether the overdraft is for $3 or $300 and that the fee for a payday loan is typically $15-$17 per $100…it becomes very clear why payday loans are used by customers to avoid bounced check and overdraft fees.