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Overdraft AlertsPhys Org
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91% Informative
A study published in the Journal of Finance on December 26, 2024 found that automatically enrolling United Kingdom banking customers into text message alerts reduced overdrafts and unpaid item charges by 4-to-19% resulting in an annual , nationwide potential consumer savings range of nearly $213 million to approximately $300 million at today 's exchange rate.
The study indicated that low-income customers, frequent over drafters, and financially vulnerable consumers—who policymakers most want to assist—can significantly benefit from text alerts.
In addition to Grubb , the research team included Darragh Kelly , a senior apps growth manager at Google Ireland ; Jeroen Nieboer , a London School of Economics fellow and a data science and machine learning manager at Deliveroo , a British online food delivery company; Matthew Osborne , an associate professor of marketing at University of Toronto .
VR Score
95
Informative language
98
Neutral language
54
Article tone
formal
Language
English
Language complexity
71
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
medium-lived
External references
5
Source diversity
4
Affiliate links
no affiliate links