More in Bank & Bill Fees
What this calculator does
This calculator helps you decide the lesser of two fees when you cannot cover a bill: let the account overdraft or pay the bill late.
The math
Overdraft cost = overdraft fee. Late cost = late fee. If the bill is less than your balance, overdraft cost = bill amount + fee. The tool compares the two totals.
Worked example
With $80 available, an $120 bill, a $35 overdraft fee, and a $25 late fee, overdrafting costs $155 while paying late costs $145. Late fee is cheaper here.
Why this matters
Fees are often the fastest leak in a budget. This tool shows what a single fee costs over time and what to ask for instead.
Methodology and transparency
This page publishes the exact formula used to compute the result, so you can verify it in a spreadsheet or check the assumptions against your own situation. The worked example uses the tool default inputs; change any number and the result updates live in your browser. No data is sent or stored.
Common questions
Can I overdraft more than once?
Yes. If multiple charges hit, you can be charged multiple overdraft fees, making the late fee the better option.
Does a late fee hurt my credit?
A late payment may be reported after 30 days. A late fee before 30 days usually does not affect your credit score.
What is the best option?
Pay the cheaper fee now, then build a buffer so you do not face this choice again.