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New FREE app helps prevent overdraft fees

  • Wink is a free mobile app that helps you avoid overdraft fees
  • HLN Money Expert Clark Howard says if you can't avoid the $35 overdraft fee, go to cash only
New FREE app helps prevent overdraft fees

If you’ve ever overdrawn your bank account, you know just how frustrating it can be. What a waste! But here’s the good news: Just like everything else these days, there’s now an app for that!

Wink is a free mobile app that uses your phone’s GPS and geo-fencing technology to know when you walk into a store and could potentially spend money. Wink automatically pops up an alert message with your account balance so you know just how close you may be to overdrawing your account.

HLN Money Expert Clark Howard is a big fan of apps like Wink, because overdraft fees are a huge waste of money and can often be avoided. And at $35 a pop, these charges can add up very quickly. Young people are usually the most common culprits, which is foolish considering they’re the ones who are also usually struggling the most financially. Sometimes you have to do it in emergencies, but paying an overdraft fee just because you weren’t paying attention…yikes.

So if you want to avoid spending $35, or more, on nothing, check out Wink or another similar app to keep up with the status of your bank account. Go to and sign up as a beta tester for the new technology.

And if you want to take it a step further, Clark says to go cash only! For people who have trouble budgeting, or reducing their spending habits, Clark says only using cash is a great way to reign in your spending. That way, you always know exactly how much you have to spend.

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