Overdraft protection is as much of a scam as overdraft fees. If banks only let you spend what you have, they wouldn't have to charge extra when you overspend. And if they didn't charge extra, there wouldn't be a need for overdraft protection. Disconnect overdraft from your bank accounts. When you decline overdraft protection, you’re giving your bank permission to decline transactions if you don’t have the money to pay for them. | Dave Ramsey