Overdrawing your account isn’t the worst thing that could happen. It happens more often than you might think. In fact, data shows that 50% of Americans have overdrawn their account at least once.Disclosure 1
So what’s the big deal? Occasionally overdrawing your account may not seem major, but frequently going in the red could still take a toll on your financial life—and that can have a direct impact on your mental health and well-being.
This video takes a closer look at overdrafts and helps answer some common questions. By understanding how they work, you can avoid financial missteps—and empower yourself to build better money habits and stress less.
For more help getting on the path toward better financial confidence and well-being, check out this collection of stories.