DoubleCheck is not another fee-filled overdraft program—it saves you money and puts you in control.
Things get confusing when your account becomes overdrawn and you have insufficient funds in your account to cover your transactions. And boy, those fees sure pile up fast.
Through your existing financial institution, DoubleCheck gives you more options. This is not another fee-filled overdraft program. DoubleCheck saves you money because it puts you in control of your transactions.
To help you understand how it works, let’s first clear up some banking terminology.
Overdraft protection keeps transactions moving…for a fee
Your bank or credit union could cover your account shortage using overdraft protection within your set limit. This ensures your transaction goes through and no one else finds out.
Non-sufficient funds, or “NSF:” when you dip below zero, the fees add up fast
NSF happens when you don’t have enough cash in your checking account to cover a transaction and you don’t have overdraft or you’ve exceeded your overdraft limit. You get charged an “NSF fee” every single time this happens, it’s generally about $35. If multiple transactions hit your account, or your payment is re-submitted, you could get charged each and every time. Ouch.
Then, your bank or credit union makes the call on which charges are paid or not, and you’re left to clean up the mess. Double ouch.
Your pain doesn’t stop there
When your payment doesn’t go through, it’s not just your bank or credit union who will charge you. Your bounced car payment will trigger another fee from their bank or credit union, not to mention a late fee. Did I also mention you may now have a 30-day late payment showing on your credit report? That’s a lot of pain for a controllable problem.
DoubleCheck is the Third Option
It’s the one that puts you in control
DoubleCheck is an entirely new option that empowers you to address your account shortage how you want to—before your payment bounces and leaves a path of destruction in its wake.
DoubleCheck for NSF
Avoid late fees, damaged relationships and even potential account closures when you experience NSF because you get the chance to decide which transactions get paid and how.
On average, bank and credit union customers that experience three
NSF transactions in one day will save $175 with DoubleCheck.
The best part? You only pay for DoubleCheck when you use it
It’s always there for you, no matter what. If you login but don’t make any changes, you won’t pay a thing.