Banks in the United States are poised to make $38.5 billion in customer overdraft fees this year during the worst economic climate since the great depression, the Financial Times said, citing research by Moebs Services. A large portion of the revenue is likely to come from the most financially stretched consumers, according to the paper.

Speedy Cash is helping thousands of consumers in this economy manage their finances better and avoid the increased fees banks and credit card companies are charging. A simple cash advance or payday loan from Speedy Cash helps the average consumer save hundreds of dollars per year in overdraft fees, over the credit limit fees and late payment fees.

With mounting debt, the average consumer needs assistance with paying off debt and avoiding overdraft fees. It said the research showed that many banks have increased charges on overdrafts and credit cards in order to boost profits.

The median bank overdraft fee rose this year by one dollar to $26, the paper said, citing the Moebs data. "Banks are returning to a fee-driven model and overdraft fees are the mother lode," Mike Moebs, the company's founder was quoted by the paper as saying.

Overdraft fees accounted for more than 75 percent of service fees charged on customer deposits, the paper cited Moebs as saying.

In these times it is more important than ever that the consumer is given the tools needed to manage their finances better. With credit hard to come by and little assistance available to the average consumer, Speedy Cash tries to be there in times of need. Visit one of our store locations or navigate to the rest of our website to learn how Speedy Cash can help you today.