The Best Ways to Avoid Overdraft Fees and Keep Money In Your Wallet
Overdraft fees can easily send you into a spiral that can be difficult to stop. It can cost you hundreds of dollars every year.
Understand the True Costs of Overdraft Fees
First, it is important to understand the costs of overdraft fees. Many banks charge around $35.00 for each item that puts you into the overdraft (or more).
How to Avoid Overdraft Fees
It is important to be proactive in dealing with overdraft fees because it is much more difficult to stop the cycle once it begins.
How to Avoid Overdraft Fees
The first thing you can do to protect yourself from overdraft fees is to see if your bank offers an option to have a cash reserve account.
Sign Up for Overdraft Protection
How to Avoid Overdraft Fees
The most important thing you can do to avoid overdraft fees is you start to balance your checking account regularly.
Avoiding Overdraft Fees by Monitoring Your Checking Account Balance
How to Avoid Overdraft Fees
This does not work because the current available balance may not reflect things like upcoming automatic withdrawals.
Don’t Rely on the ATM Balance to Help You Prevent Overdraft Fees
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