When it rains it pours, and when people are going through a difficult financial period, the last thing that they want to worry about is paying for overdraft fees. It is standard practice for banks to charge up to $34 when an account is over drafted, even if the over drafted amount is quite small, under one dollar.

If you are running short on funds and want to protect yourself from overdraft fees, you may want to consider working with a company that offers cash loans. Depending on how much you need, cash loans can cost as little as five dollars in fees. When money is tight, a five dollar fee is far better than a $34 fee. In fact, even when money isn’t so tight, spending five dollars is much better than spending $34. After all, the difference of $29 can help you pay bills and keep yourself from landing in another financial pickle in the future.

Even if you have overdraft protection on your account, don’t be fooled. A number of banks offering overdraft protection to their customers have changed their policies. Instead of a protecting their customers from the full overdraft fee of thirty four dollars, some banks now charge customers ten dollars or more when accounts become over drafted. Even in this case, making use of cash loans can be a money-saving choice.

Once you receive cash loans, you can deposit some or all of the cash directly into your checking account to protect yourself from overdraft fees. Cash loans are most beneficial when you know that you can pay them off in a short amount of time, perhaps when your next paycheck comes in from your employer. If you pay the loan back in time, you will protect yourself from fees from your bank and also save money.