Bank Non-Sufficient Funds (NSF) Fees

Many of our smart borrowers use their BestPaydayLoan to avoid the cost of NSF bank fees, which can run as high as $35 each. Ouch! How are people supposed to lie in the sun and relax when one of those might sneak up and bite them?

Let's suppose you get paid biweekly on Fridays. Your rent or mortgage payment is due on the first of the month. When your paycheck also lands on the first that's easy, but suppose you are five days away from your paycheck cash. You need to cover that check or you will not only have NSF fees, but some very expensive late fees from your lenders.

The Solution to NSF Fees

  • The solution is a short-term BestPaydayLoan
  • Deposit $500 to your account on the first of the month.
  • Pay it back 5 days later when you get paid.
  • Your cost would be $35 ($500 x 1.75% x 4 days).
  • You would earn 10 Payday Cash Rewards points to use to pay off the fees of a future loan. So the effective cost is only $25 to borrow $500 for 5 days.
  • That's a smart consumer! See other ways to save on our Smart Consumer page.
  • Many of our smart customers use their cash advance loan for just a short period of time, pay it back in full, and then near the end of their next pay period they take another very short-term loan.
  • You are only paying for the time you need the money. Unlike other companies, BestPaydayLoan allows you to choose. Borrow on your time frame, not the lenders. We work your way. You have lots of payment options, and we encourage you to take the cash, only as you need it, and return it early if possible. You'll have quick, low-cost loans available without the hassle of bankers in suits. Our bankers prefer swimsuits.