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

Swipe up now for more  financial tips!

Lined Circle

More Stories From

Saving For the Future: 8 Simple Ways to Get On Track

Pay Yourself First: The Simple Concept To Start Saving Money

The 12 Best Money Saving Apps That Everyone Should Consider