Having overdraft protection on a checking account is a good idea but it can also be an expensive feature. Why? O a Banks charge a monthly fee for having overdraft protection on their checking accounts

O b A fee, which can be as high as $25-$30, is charged when overdraft protection on the checking account is used

O с The bank charges 20% of the amount taken from the overdraft protection

O d The bank stops paying the person interest on savings accounts or CDs each time overdraft protection is used