1. Banks jumped into free checking in the last decade because of competition, but at the same time started allowing overdrafts that generated huge sums.
2. Therefore, consumers choose overdrafts mainly for the purposes of daily consumption and urgent spending.
3. Some view it as a benefit since credit cards allow overdrafts but others think it is a drawback as overdraft can lead to financial trouble.
4. Survey results also indicated a low monthly average of overdrafts and a low average of amounts overdrawn.
5. The banking card for most bank clients in China is a type of deposit card that bans overdrafts.
6. Then, they could find out if I had really made the overdrafts.