Did you know that about 14% of bank customers incur five or more overdraft fees every year, amounting to over $150 in unnecessary costs? Many customers only realize they have overdraft protection when they’re hit with fees and interest charges. If you’re wondering, "How can I avoid overdraft fees?" or looking for an alternative source of urgent cash, a title pawn in Alabama could be your solution.

How An Alabama Title Pawn Can Help Your Personal Finances

How a Title Pawn Can Help You Avoid Overdraft Fees

Overdraft fees occur when you withdraw more money from your account than you have available. Banks may cover the shortfall but at a cost—some charge fees as high as $35 for even small overdrafts. Additionally, unpaid overdrafts may affect your credit score if the bank turns your account over to collections.

A title pawn offers an alternative, allowing you to leverage the value of your vehicle to cover urgent expenses without hidden fees or impacts to your credit.

Simple Tips to Avoid Overdraft Fees

Finding out that you’re paying overdraft fees regularly can be an unpleasant experience as this means you’re spending plenty of short-term cash advances (that you might not have known about). Thankfully, there are a few things that even those who are not yet personal finance experts can do to try and avoid these costs:

• Track your balance

The most obvious tip is always staying on top of your account balance. Consider signing up for low-balance alerts, just in case.

Also, please keep track of the automatic payments you have set up and know when they will happen. It's important to know when the funds deposited into your account will become available, as that typically takes time.

• Cancel your overdraft program

If you don’t have overdraft coverage, your payments will get declined whenever your account has insufficient money. This might be a better option if you’d prefer not to pay overdraft fees ever again. Contact your financial institution and let them know you are no longer interested in overdraft coverage.

• Link the checking account to a savings account

Another way to avoid overdraft fees is by linking your checking account to your savings account. If you do that, the bank will use your savings account to cover the difference whenever insufficient funds are in your checking account.

The financial institution might charge you a transfer fee for every transaction of this kind. So, from a personal finance perspective, there might be better ways out.

Why Choose a Title Pawn Instead of Overdraft Fees?

Although overdraft protection lets you cover small expenses when your account is low, the fees can add up quickly. A title pawn can provide a more transparent and immediate financial solution. Unlike overdrafts, title pawns come with clear terms, and Alabama Title Loans, Inc. ensures you know all fees upfront—so no surprises.

Alabama Title Loans, Inc. Offers Fast Cash Solutions

At Alabama Title Loans, Inc., you can get a title pawn without even visiting a store. Start online by filling out our quick form, and we’ll guide you through the rest of the process over the phone. Once approved, you can receive up to $15,000 for urgent expenses like medical bills, home repairs, or emergency travel.

The process is straightforward, and even if you have bad credit or no credit at all, you may still qualify.

Apply For Title Pawns Online Today!

The main problem with overdrafts is that, at one point, you would have to pay a few relatively high fees that you might have yet to be aware of. With Alabama Title Loans, Inc. you’ll get the money you need without ever dealing with unexpected payments.

With only your driver’s license, lien-free title, and car, you can qualify for up to $15,000. Furthermore, you might get approved even if your credit is inadequate or non-existent. To get the process started, fill out the short online form right now!

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.