Jonnie, just chiming in as an example of someone in a similar situation. I had a recurring overdraft issue a few years ago and managed to get out of it! I was able to get a balance transfer credit card which was 0% interest for 18 months. I’m in the UK but hope they have them where you are to. The credit card basically paid off my overdraft in one lump sum. At that point I cancelled my overdraft, as Nic mentions above. Then I paid back the credit card for the 18 months. It meant I stopped paying interest on my overdraft and gave me some breathing space. I also really loved seeing it as a separate bill, rather than constantly seeing my bank balance fluctuate in and out of my overdraft. I haven’t used an overdraft since. I still use a credit card for any cash flow stuff/emergencies, because it usually works out that you have about a month or so before it shows up on the statement and you need to pay it - I then pay it off in full. Hope that helps!
Jonnie, just chiming in as an example of someone in a similar situation. I had a recurring overdraft issue a few years ago and managed to get out of it! I was able to get a balance transfer credit card which was 0% interest for 18 months. I’m in the UK but hope they have them where you are to. The credit card basically paid off my overdraft in one lump sum. At that point I cancelled my overdraft, as Nic mentions above. Then I paid back the credit card for the 18 months. It meant I stopped paying interest on my overdraft and gave me some breathing space. I also really loved seeing it as a separate bill, rather than constantly seeing my bank balance fluctuate in and out of my overdraft. I haven’t used an overdraft since. I still use a credit card for any cash flow stuff/emergencies, because it usually works out that you have about a month or so before it shows up on the statement and you need to pay it - I then pay it off in full. Hope that helps!