Overdraft Loan Quiz

7. The average amount of money that a customer who has 20 or more overdrafts a year pays is…

b. INCORRECT

Consumers with 20 or more overdrafts a year pay an average of $1,610 a year in overdraft fees. Research shows that overdraft fees can produce a domino effect, and that 90 percent of overdraft fees paid to financial institutions are from individuals who overdraft their accounts 5 or more times.