Signs you're flirting with financial ruin
"If you're getting a lot of [nonsufficient fund fees] notices, that's a hurricane warning flag. It's here," Blanchard said. "That's not a warning, that's a real problem here now."
Regular overdraft fees can occur for a couple of reasons, said Blanchard. Many serial overdrafters are struggling financially and don't have income available to cover their debts, meaning they're likely on the verge of having to declare bankruptcy.