Average bank overdraft borrowers paid $69 to borrow $70 for four days
Zuben Matthews · How he grew to $100M ARR—then exited for $460M. | Zuben Matthews, Founder of Brigit · PMF Show · Jul 14, 2025 · at 11:38
Brigit founder Zuben Matthews references historical CFPB data regarding average overdraft loan amounts, durations, and cumulative fee costs.
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“What we saw Was the average overdraft borrowing was only about 70 dollars, and people were overdrafting twice, so paying about 68, 69 dollars in fees for a matter of four days of borrowing.”
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