More Overdrafts Can Help Workers’ COVID Cash Crunch
Every worker can be helped by every bank and credit union even overseas. No government assistance necessary.
Overdrafts are a gold mine waiting to be tapped.
Comments and questions always welcomed.
Untapped OD Limits, ½ OD Price, & More Volume Wins
Lake Forest, IL (March 30, 2017) Overdrafts can lead the way to economic recovery starting now. Even as the coronavirus wreaks havoc on the nation’s health and economy, banks, credit unions and thrifts can tap $46.1 billion in unused overdraft limits today.
The nation has over 300 million checking accounts with overdraft limits from $100 to over $50,000 just for consumers, and more for small businesses, notes a study by Moebs $ervices, an economic research firm. READ FULL ARTICLE
Written By: m.moebs
Date Posted: 3/30/2020
Number of Views: 256