Student Help: Exploring Health Insurance Options Including Aetna Health Insurance For Opt Students

Understanding Student Help: Health Insurance Choices for Students

Navigating through the world of student help can be a daunting task. There are numerous resources available, from academic assistance to career guidance, financial aid, and other necessary services. One such critical aspect of student help often overlooked is health insurance. It’s vital to understand the available health insurance options, including Aetna health insurance for OPT students.

Why is Health Insurance Critical for Students?

Health insurance is an essential aspect of any student’s college life, often underrated but nonetheless crucial. Unexpected medical emergencies or routine check-ups should not cause a financial burden or jeopardize a student’s academic progress. With the right health insurance, students can access necessary medical care without worrying about its cost, allowing them to concentrate on their studies more effectively.

Understanding Aetna Health Insurance for OPT Students

Tuition, accommodation and textbooks are the common financial concerns students tackle, but health insurance is also a significant expense. To assist with this, companies like Aetna offer health insurance packages designed specifically for students. That includes Aetna health insurance for OPT students.

This option is beneficial for international students in the United States on OPT (Optional Practical Training). These trainees work in their field of study for a year while maintaining their student status. OPT students have unique health insurance needs, and the Aetna health insurance plan for OPT students is designed to meet these specific needs.

Benefits of Aetna Health Insurance for OPT Students

The Aetna health insurance for OPT students aims to provide comprehensive cover at affordable rates. These plans offer coverage for hospitalization, outpatient services, prescription drugs, mental health services, and more. Furthermore, the plan provides wellness resources and tools to help students stay healthy.

Aetna also offers flexibility in their plans, allowing students to choose from different levels of coverage and pricing options. Plus, with a vast network of healthcare providers, students can rest assured knowing they can access medical help when they need it most.


Education should not be hindered by health concerns. Opting for a health insurance policy like the Aetna health insurance for OPT students can provide the peace of mind knowing that they are covered in times of health-related crises. While it might seem like an unnecessary expense on the surface, the long-term benefits of having adequate health insurance will significantly outweigh the cost. With proper health insurance, students can focus on what matters most: their education and career growth.


Travelers Auto Insurance Guide

Understanding Travelers Auto Insurance

Insurance is not merely an option – it’s a crucial aspect of car ownership. One such insurance provider worth considering is Travelers, a name that has been synonymous with insurance for over 160 years. When it comes to auto insurance, Travelers have solutions that cater to a variety of needs and circumstances.

Travelers auto insurance offers a range of coverages to ensure your peace of mind on the road. This includes the typical coverages such as liability protection, comprehensive coverage, collision coverage, personal injury protection, underinsured and uninsured motorist coverage. Additionally, they provide unique coverages such as “gap insurance” that covers the difference between what a car is worth and what you owe on a car lease.

For customers looking for added protection, there are a range of optional coverages available. These include Accident Forgiveness, New Car Replacement, Rental Coverage, Roadside Assistance and Ridesharing coverage. With such extensive protection options, Travelers auto insurance makes sure you are covered from all angles.

As part of their customer-focused approach, Travelers offer various discounts based on different criteria. Apart from traditional rewards like safe driver discounts, there are savings for new car owners, good students, hybrid/electric owners, and those owning multiple policies. It is worth noting that these discounts vary by state and individual circumstances. Thus, it is recommended to reach out directly to Travelers for a precise quote.

Notably, Travelers also provides online tools for customers to manage their policies more efficiently. This includes their online portal where customers have 24-hour access to their policy details and can handle a myriad of tasks including payments, claims reporting, viewing ID cards, and more. Travelers also offer mobile applications for on-the-go policy management.

However, no discussion about auto insurance would be complete without emphasizing the importance of comparison shopping. Being able to compare greenslips in NSW, for instance, can help consumers ensure they are getting the right coverage for the best price in the market. While Travelers auto insurance boasts excellent offerings, it might be worthwhile to equate it with other providers’ green slip ratings to make an informed decision.

Travelers have garnered a reputation for their claims service and are known for their commitment to a streamlined claims process. Given the importance of a responsive, efficient claims process following an accident, this commitment by Travelers is reassuring. They provide 24/7 claim reporting and have claim professionals to guide you throughout the process.

The customer service of Travelers is also well-regarded in the industry. Their experienced representatives provide prompt service, and customers can reach out to them via multiple modes—online, over the phone, or in-person. Their website also offers a host of resources to guide customers through common insurance queries and situations.

It is important, however, to remember that individual experiences with Travelers can vary widely. Therefore, it’s essential to do your own research and analyze if the offered coverages, discounts, and services align with your needs. So, navigate wisely, making sure you are fully armed with all the necessary information before choosing your auto insurance provider.


A Comprehensive Guide To Life Insurance Companies

Understanding the Dynamics of Life Insurance Companies

Life insurance is an agreement between an insurance provider and a policyholder, promising a sum of money to nominated beneficiaries upon the death of the policyholder. The role of a life insurance company is paramount in providing this financial cover, ensuring that beneficiaries can maintain their lifestyle or cover expenses like funeral costs or outstanding debts following the death of the insured.

A life insurance company offers various types of policies to suit different needs. Term life insurance provides coverage for a specified term, while permanent life insurance includes whole or universal life policies that offer lifelong coverage.

The choice of a life insurance company should be based on several factors, including financial stability, range of products, premiums, claim settlement ratios, and customer service. These factors usually vary from one company to another.

There’s also a critical aspect that policy seekers often overlook, and that is the benefit of policy comparison. This is where the concept of ‘compare greenslips policy’ emerges.

What Does ‘Compare Greenslips Policy’ Mean?

The phrase ‘compare greenslips policy’ refers to the process of analyzing different insurance policies from multiple providers to ensure the best fit according to policyholder’s requirements.

Green Slip, also known as Compulsory Third Party Insurance, is required in many countries to register a vehicle. Nevertheless, the term ‘compare greenslips policy’ is often used in the broader sense to refer the comparative study of any insurance policy.

A comparison can occur at different levels – premium costs, coverage details, terms and conditions, etc. It helps ensure that a policyholder gets the most comprehensive coverage at the most reasonable cost. This is just as crucial in life insurance as it is in any other type of insurance.

Why Should You Compare Policies?

By using the ‘compare greenslips policy’ approach for life insurance, you can ensure that you are making an informed decision. Comparing policies allows you to weigh the benefits against your needs and budget. It gives you a clearer understanding of what each policy includes and excludes, enabling you to pick a choice that best suits your circumstances.

When comparing policies, consider the reputation of the life insurance company, its underwriting process, and the financial stability it offers. Each company will offer different deals on similar policies, so make sure to compare the same type of insurance from different providers.


Choosing the right life insurance policy involves more than just picking the first provider you come across. It requires a deep understanding of your needs, thorough research into the life insurance companies available, and a careful comparison of the policies they offer. Utilising the ‘compare greenslips policy’ approach is a reliable way to guarantee the most benefit from a life insurance policy.


Tips For Purchasing An Auto Policy From Insurance Companies In Houston, Tx

byAlma Abell

Most people realize the importance of having auto insurance coverage. Not only is it important, but it is also required by law. Failure to carry auto insurance on your vehicle can cause you to amass serious fines and even lose your driving privileges. Not only are you breaking the law if you drive without insurance coverage, if you get into an accident, you could be facing thousands of dollars in damages. This means you would be paying out of your own pocket for the damages and injuries you caused in the accident.


With so many ways to save on insurance policies, it is in your best interest to purchase the coverage you need from Insurance companies in Houston, TX.

What Is the Best Way to Search for an Auto Insurance Policy?

When you begin your search for auto insurance, it can be helpful to shop around for different rates. One of the easiest ways to begin a search for insurance quotes is to search online. Many insurance carriers now now only offer free rate quotes for new customers, but also offer information on the rates of their competitors. This can save you time in your search and assist you in finding the least expensive policy to meet your needs. Searching online can also allow you to read up on customer reviews for the different carriers so you can get a good idea of what to expect from their customer service. This can tell you if an insurance carrier is going to be helpful or problematic.

To truly find assistance in purchasing your auto insurance from Insurance companies in Houston, TX, you should plan on sitting down with an insurance agent. An agent is a valuable resource in helping you to find the coverage you need and getting you a policy that is within your budget. You should feel free to ask your agent any questions you may have and ask for clarification on areas of the policy you do not understand. This will prepare you in making the right decision on your policy.

If you are in need of an insurance policy, Contact ASAP Insurance. They will be glad to assist you through purchasing your insurance policy, so your coverage needs can be fully met.


Everything You Need To Know About Motorcycle Insurance Quote Online

Submitted by: Theinsurance Quotes

When you are in search for a possible insurance coverage for your motorcycle, it is extremely essential for you to practice wisdom. It is very important that you compare motorcycle insurance quotes from different insurance providers for you to get a good evaluation of what they do offer. Doing so enables you to have a side-by-side look of the various motorcycle insurance quotes and what you may get when you acquire one.

There are many ways in which you need to have in order to get those motorcycle insurance quotes. First is to know those numerous motorcycle insurance providers and compare the motorcycle insurance quotes they offer. You should also narrow down the list of motorcycle insurance providers as well as the motorcycle insurance quotes they do offer. One good tip for this is to ask some bits of advice from your insurance agent or ask your family and friends for some recommendation. You can also do a self research. The Internet is a big help for this step.


The first step typically gives you benefits like getting more monetary savings or its value as well as saving much time especially when at the end the motorcycle insurance provider you chose did not give you what it offered at first.

Inquiring people like you are future clients of these motorcycle insurance providers and they would be very glad to answer your questions. They would be happy to give you some motorcycle insurance quotes based on the information they asked from you. Some of the information usually asked include the model/make of your motorcycle, the age or when it was acquired and the other pertinent details of the ownership or how you get to own the motorcycle unit. There are some motorcycle insurance providers who would readily give you some list of the policies they offer or some motorcycle insurance quotes they do have. There are also some who would give you recommendations first. You can get all of these when you visit their office or through checking their website in the Internet. Usually, you will be given an ample amount of time to study their offers. Several things you need to consider when choosing an insurance policy bracket is the payment premium and its guidelines especially that of the claims. Having the aforementioned information and quotations makes it possible for you to study the best motorcycle insurance quotes that suit you.

But looking at it, when you get motorcycle insurance, you do not just really save money or its value that you may get at the end. More than this, you get peace of mind that the coverage you chose would give you security. You are guaranteed that you will be liability-free from a few motoring offense that may take place while you are on the road.

There are many people who are tired of looking for new auto insurance company that can give them the best deal. Many of these people got tired of searching for better auto insurance rates since they usually have to deal with the local agents. But these problems can now be solved. Motorists can now search the web for auto insurance companies which they think will give them the best value and rates for their money. With this technology, motorists are not limited anymore to their local agents when looking for better auto insurance rates.

Though the web offers a wide range of auto insurance companies which offers different rates and values for a client s money, online shopping of for auto insurance involves more work or it has a longer process compared to simply asking one of your friends which local agent they are working with or what their auto insurance company is. Even though it involves a lot of work, it will pay off in the end. What you just need to do is to research on their background, their history, their reputation in the business, their credibility, etc. Also, you need to study their policies. You can request for a free auto insurance quote from Better Business Bureau.

About the Author: We suggest our customers immediate Motorcycle Insurance Quotes. Motorcycle insurance generally has lower premiums. Compare Motor Cycle Insurance Quotes now.


Permanent Link:


What Is The Need And Purpose Of Market Research?

By James Marriot

Carrying out the market research is not enough in itself. It has to be regularly updated also. In order to carry out marketing effectively, you have to need to have information like the demand of the consumers, competition, market demand, distribution channels etc. This information needs to be updated regularly as the market is dynamic; it keeps on changing. So in order to fulfill the needs and demand of the customer, the company has to stay updated with their recent needs and demands. Taking the help of market research companies, which can provide you with the following information, can carry out this market research:

Changes in technologyIn order to know about the new products and services being offered ion the market, you need to be updated with the new changes that are taking place.

Changes in consumer tasteConsumer taste and preferences are dynamic in nature, it keeps on changing frequently. Therefore the company has to remain updated with the latest consumer taste and preference in order to provide them with desired product. Changes in the consumer taste can be known through market research surveys, which are conducted with the help of questionnaires and personal interviews.


Changes in economic conditionsThe gross national income and the regional income will be vastly affected by the improvement or stagnation of the countrys economy. This fluctuation in the countrys economy has a different impact on items related to luxury and necessity. Market research enables you to know and cope up with the changing needs of the consumers. It has provides you with a well-interpreted analysis for the future.

The main reasons for carrying out market research are as follows:

To obtain a detailed and better understanding of the consumers needsmarket research provides you with valuable information such as their views on products, packaging, recent advertising campaigns, pricing etc. This information will help the company to rectify its mistakes and will also help you to improve upon your product.

Reduce the risk of business failureWhile launching a new product, there is no guarantee that the product will be a success for sure. However if you remain updated with the needs of the consumers, then the chances of failure while introducing a new product reduces. If you will be aware of the consumer needs, you will also be aware of their preferences and dislikes. This information about you consumers can be gathered by carrying out a market research.

Forecast future trendsmarket research provides you not only with the current status of the market, it also provides you a future forecast of the customer needs. Once you know the current and future demands of your customers, you can easily make changes in your product portfolio and cater to the needs of your customers in the best possible ways.

About the Author: RNCOS E-Services Pvt. Ltd. offers complete e-publishing solutions for your business. We provide personalized world-class content development and management solutions that are qualitative and result-oriented.


Permanent Link:


Getting Health Insurance For Your Children

As unfair as it might seem, an adult will find very little or no help at all from the current health care system. Children on the other hand, have many opportunities for health care with all the government provisions available. Knowing that there is help for children will give any parent peace of mind, should they need medical care.Children from low income families received help from Medicaid and aid for dependent children for health care. If the family’s income was low or minimum wage, there didn’t seem to be any health care help available for the children. This created a imbalance for assuring all children would have health care available and prompted the government to offer help in the form of health care programs for children of middle income families.This program is best accessed through the state and local agencies that handle Medicaid and Social Services as each state offers this plan under different names making it difficult to let people know exactly what it is called in each location. Applications for this program in most states come only after a recipient is denied Medicaid coverage for their children because they don’t meet the income requirements. In most regions the Medicaid office will directly send your application onto the appropriate office to check and see if you are eligible for this additional coverage for your children.Many people can get this children’s health insurance benefit for free but those who make a slightly higher income may need to pay a very small monthly premium for this insurance plan. The fees are extremely low and affordable.If you chose to take this avenue for your child’s health insurance, be prepared for a long application processing time. If however, there is a health emergency involving your child being in an accident, injury or sudden illness that happens before you get a response to the application, you can ask the program office directly of the urgency to rush the applications approval. When it is approved, they will also extend coverage for incurred medical expenses during the emergency time frame and make the health insurance coverage retro active to cover everything. This helps solve health insurance needs as well, should a crisis occur at any time, you will be able to get quality emergency help quickly.


Understand Legal Rights With Car Accident Lawyer In Sedalia Consultation}

Submitted by: Rhegie Taylor

When you are involved in an unfortunate auto accident, this incident leaves possible physical and emotional scars whether it is your fault or the other driver’s fault. When you are involved in a car crash, there are precise steps you need to take to protect your rights and working with a Sedalia Car Accident Attorney can help ensure your rights are properly protected.

The first step is to get medical attention and go to the hospital emergency room to have your injuries checked by the doctor. You and your current medical condition and needs are of utmost importance and come first, before anything else.

As soon as you can make a call to your lawyer do so as soon as possible. If you are unable to call an attorney, perhaps your medical advocate can do this for you. It is imperative that you make this call.


Never let too much time pass without contacting your attorney. It is your right to speak with a car accident lawyer. Your attorney guides you through the process of contacting your insurance company, what to give in your police report, and what to tell others involved.

Never think that you can take care of legal business on your own while trying to navigate the judicial system and come out on top. You may have injuries you are coping with and trying to heal. Most accident victims are in not a frame of mind to deal with the legalities after an accident, such as whether there were multiple cars involved, uninsured motorists, if the insurance companies are denying your claim, or if the defendant was a drunk driver.

There is a lot to consider such as medical bills, property damage, pain and suffering, time off work, lost wages, and future repercussions. You need a fair and just compensation, and only a lawyer can get this compensation for you.

Your attorney needs to speak to any witnesses to your accident. Pictures need to be taken concerning your crash, as soon as possible. Perhaps a friend or family member can do this. Never admit any guilt, if you were in the wrong, let your lawyer deal with this aspect. You have a right to a copy of the police report. Your accident attorney will also get a copy of the police report.

Filing an accident claim as soon as possible is a vital step in protecting your rights. Your insurance company has an effect on your legal rights according to the laws of your state. There are time frames to adhere to when contacting your insurance company according to your state laws. These laws are statutes of limitations and if missed can cause you not to be able to file your claim and case.

It is only a Sedalia car wreck attorney who can unravel all the complexities of your vehicle accident case and helps to protect your legal rights and interests at the time of your accident, in the present day, and if and when any future health problems arise stemming from your accident. Unfortunately, car accidents are all too common, some of which turn out to be complicated and complex.

About the Author: A licensed and verified Sedalia car wreck attorney at

will guide you through your claim. For a free initial consultation with this legal specialist, click on the link here


Permanent Link:}


Effective Cost Control Strategies

By James Leong

by James Leong Chan Foo, Chartered Accountant (Australia)

Uncertain economic times

In the current challenging global economic environment, there is downward pressure on sales and margins. The overall effect is an adverse impact on the bottom line, leading to lower profits or even losses. In such times, reigning in costs and expenses are even more crucial. Let’s explore some cost control strategies that could help a company adapt and survive through the current uncertain economic times, as well as to position it strongly for the upturn. Broadly, we could look at them as financial and people strategies.

Financial strategies


There are 3 aspects in a company’s balance sheet which we could look for cash flow and cost saving opportunities:

Accounts Receivables (credit) Management

Most businesses offer credit to customers. The related costs of credit to a company include the cost of financing (borrowing cost or opportunity cost for funds tied up), cost of running credit operations, cost of time to chase for debts, cost of bad debts and cost of debt recovery (legal fees). This area is particularly critical given the present tight credit situation faced by many companies. By invoicing promptly and accurately, a company can ensure that its debt collection process is timely and efficient and that crucial cash flows are received promptly from customers. Having a robust credit management process will help a company reduce the risk of slow payments. In particular, through rigorous credit screening and taking early recovery efforts with delinquent customers, it would help limit the eventual amount of bad debt exposure and hence brings down the costs of credit.

Inventory Management

In lean manufacturing thinking, inventory represents waste. This is even more so when the company suffers from overproduction. These costs include opportunity cost of funds tied up, warehousing and handling as well as potential write offs due to stock obsolescence. Clearing out old stock will free up valuable cash flow, thereby reducing the company’s financing costs. Storage space freed up could be redeployed or rented out to generate cash flows that could offset other overheads. Accuracy in forecasting processes will help maintain an optimal, not excessive, level of inventory. Strong physical internal control processes will ensure that stock items are not lost to pilferage, which is another aspect of inventory costs.

Fixed Assets

The current economic slowdown represents a valuable opportunity to review existing processes for efficiency and productivity gains.


If processes can be streamlined, redundant functions can be eliminated. This would in turn free up capacity and release surplus equipment. These could either be sold for cash, or be leased out to generate cash flows that will offset existing running expenses. Outsourcing certain functions would also free up infrastructure resources and enable the liberated cash to be redeployed. No further costs would be needed to maintain or upgrade equipment to maintain productivity.

Income Statement DIY (Do-It-Yourself)

To the extent you can get your customers to serve themselves, you have transferred part of the operating costs to them. Think of ATMs (Automated Teller Machines) which dispense money and other banking machines that allow customers to update their bank savings passbooks and topping up of petrol at petrol stations by patrons. This mode of operation allows companies to keep a leaner staff strength while maintaining its operations.

Buy in Bulk

If concentrating your purchases and buying in bulk make sense for your business, this would reduce reordering and receiving costs. Paperwork and payment by finance and other departments would also be reduced. If you are in the cashterms business, i.e. you receive cash upfront from customers, consider paying cash upfront to your supplier in exchange for a larger discount. This could in turn boost sales and profit margins.

Accumulate and Batch

Avoid adhoc processing where possible as this disrupts the normal flow, for example, such as making an urgent payment to a particular supplier. The cost of processing an individual item goes up phenomenally as compared to processing it in a batch. This would be particularly true too if your company ships a small quantity of order each time for a customer. Consider enticing your customer with a larger minimum order quantity for each sales order.

Conserve Energy

Oil prices have remained high in spite of weak demand in many business sectors. Keeping your energy bill low should be an important short term and long term cost saving objective. Switch off electronic gadgets when not in use. They consume power even when in standby mode. Use energy efficient air-conditioner and bulbs. Research shows that energy-efficient bulbs last 10 times longer and consumes 80% less electricity.

Look for Free Stuff

Are there free lunches? Yes—think of Skype for international communication via internet. Sign up for free incoming call mobile phone packages for your staff.

Go Electronic

Think of automated voice responses, e-invoicing and e-authorisation of transactions. Print less paper and use

electronic archives.

Update your Technology

Use up-to-date equipment and software. This would reduce waiting time for processing, equipment down time and maintenance expenses. Besides, you get to tap into more capabilities and productivity by using the latest

software tools with enhanced time saving features. Overall your staff would be more productive and could do more with less. Instead of traveling, think of using web conferencing to replace your regular overseas meetings.


When a company outsources, it in effect only pays for effective performance. As are result of outsourcing, the need for supervisory staff would be reduced. This would in turn reduce personnel costs and eliminate the need to upgrade the skills of the internal workforce for a particular function. The costs of supervision, attrition and resourcing (hiring) and training could be avoided.

Eliminate Processes

Very often, in a down time, companies delayer costs through headcount elimination. Unfortunately, the existing job processes remain the same. This leaves the leaner remaining workers having to handle the same volume of work. The result is a tremendous amount of stress for these staff and morale takes a hit, which leads to higher attrition. This would lead to cost of resourcing and training of new and inexperienced workers who will initially perform at a lower level of productivity. It is hence important to review the existing process for inefficiencies and streamline them to not only avoid an unfavourable cost impact, but also to position the company more competitively for the coming upturn.

People Strategies

Structure determines behavior. At the end of the day, it is the people in a company that ultimately drives and delivers the results of a company, whether it is revenue or cost savings. Hence people strategies are an important part of the equation. To encourage the desired response, the company needs to have effective structures that are geared towards the results it wants to achieve.


Provide the right incentives for the right behavior. If you want to control a particular cost or expense item, track, measure, report and make someone accountable for it. For example, some companies impute a finance charge on the business units’ level of accounts receivables and inventory to encourage efficient management so as to achieve the above objectives of lowering then cost of financing working capital.

Build the right culture


Start meetings on time and end on time. Much time and hence money is wasted when meetings start late because people show up late. Time and money are again wasted with lengthy meetings. Ensure that an agenda with a time frame is used. Assign a time keeper for your meetings to keep them on track.

Do it Right the first time

Mistakes are costly to rectify. If everyone checks their work, this would greatly reduce unnecessary mistakes. Make this a part of the company culture.

When teams do not cooperate with each other, and where interdepartmental conflicts are rife, the company suffers from a lot of inefficiencies. Much time is spent on conflict resolution resulting in productivity lost. Gel the team together with a common vision, resolve differences and put in place a structure for conflict resolution. Upskill the team in emotional intelligence and develop the team spirit. Move them from frequent ‘storming’ to ‘performing’. This would not just reduce your costs but may actually increase your revenue when the team starts to collaborate with each other and engage the customer more creatively.


In times like this, it is important to think creative to survive. While controlling or eliminating costs in the short term, do not lose sight of the strategic focus of your business over the long term. Take advantage of the lull period and enhance your long term competitiveness.

About the Author: James Leong is a Founder/master trainer of VisionsOne. His highly popular workshop, ‘Finance for Nonfinancial Managers’ have been presented to participants from more than 18 countries. He is also an Adjunct Associate Professor with National University of Singapore. Visit James at


Permanent Link:


Transaction Processing To Produce Overdraft Charges 5 Strategies To Fight Overdraft Fees

By Susan Willis

Logging onto your online bank statement or opening your paper statement and seeing one or more overdraft charges appear on your account can be a very frustrating experience. Each charge can cost up to $35, depending upon the bank. You know that bank fees situation has gotten bad for you if you are afraid to check your statement for fear of seeing yet another charge.

If this describes you, rest assured you are not alone. Your fellow citizens are collectively spoon-feeding banks a whopping $30 billion per year in overdraft fees. Banks have come to depend upon these fees as a source of healthy annual profits.

In fact, the high levels of profitability of so-called overdraft protection programs has a lot of consumer advocacy groups and members of Congress up in arms. Part of the problem is that many banks have admitted to the practice of “transaction stacking.” This is whereby banks carry out transaction processing to produce overdraft charges.

Transaction stacking works like this. Say, for example, that one day you wake up and, seeing that your checking account balance has dwindled to just $30, you decide to just do some very light shopping. So, you go out and make three debit card charges on a given day: one for $5, one for $7, and another for $50 in that order. (You obviously had forgotten how low your balance was once you left the house).

Your bank, practicing transaction stacking, decides to process the $50 charge FIRST even though it was made last among the three. Then, they process the $5 and the $7 charges. That $50 charge immediately sent your balance into the red, making you eligible to pay fees. Due to the order in which they processed the transactions, you end up incurring three overdraft charges at $105 instead of just one charge at $35. Sneaky bank!


If you are wondering, “How can you fight overdraft fees?”, here are 5 strategies that can help:

#1: Keep a “safety pad” of cash in your account at all times:

Always keep at least $100 to $200 in your account as a padding against potential overdrafts. Of course, not everyone is able to swing this, but it is worth shooting for.

#2: Link your main checking account to a savings account containing backup funds:

Most major banks will give you the option to connect your checking account to a savings account with cash in it. That way, if you overdraw your checking account, this backup account will kick in. Be careful, though: some banks will still charge you an overdraft fee (maybe $10 or so) even though you are covering the overdraft with your own money. Ouch. Still, it’s better than paying the usual $35 fee.

#3: Go online each morning to check your balance:

This one is deceptively-simple: go online each morning, without fail, and check your balance. Also, use a calculator to add up all of your pending charges, checks and any planned ATM withdrawals to make sure you are not at risk of overdrawing for the day. Time-consuming, but hey, it works.

#4: Remove yourself from your bank’s overdraft protection program:

An even simpler option is to just ask your bank to remove you from inclusion in their overdraft protection program. The only downside here is that you could find yourself in the embarrassing situation of being turned down at the local restaurant or merchant for non-sufficient funds.

#5: Switch to a no-overdraft-fees bank:

Saving the best for last, you could always leave your bank and their fee-charging ways and find a bank that will never charge you an overdraft fee – even if you overdraw your account. These banks are out there and looking to sign up more customers.

Try these 5 strategies to fight overdraft fees.

About the Author: Find a list of no-overdraft-fee banks in your area at:

No Overdraft Fee Banks



Permanent Link: