Overdraft charges now 60% of checking fees Going into the red is becoming an even bigger financial drain

 Last year, consumers paid $32 billion in overdraft fees, up $400 million or 1.3% from 2011, according to a recent report by economic research firm Moebs Services in Lake Bluff, Ill. The rise came almost entirely from a greater number of overdrafts, says Mike Moebs, CEO and economist at Moebs Services. "People need more overdrafts due to a fall in net pay," he says. Overdraft fees averaged $29 each in 2012, unchanged from 2011, but were up 5.4% from 2010 and 11.5% from 2009.

These folks should've taken my Alg 2 class and learn how to do a cash flow plan. 

full article here >> http://www.marketwatch.com/story/overdraft-charges-now-60-of-checking-fees-2013-06-11