Financial Regulation
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6 ways to avoid pesky overdraft fees

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Another strategy is to link your checking account to a savings account, line of credit or credit card that you authorize the bank to tap to cover an overdraft. This approach is an option if you can qualify for a line of credit or credit card, or you have a cushion in your savings account.

But while a linked account should be less costly than an overdraft fee, it might not be free.

"Some banks charge a fee to transfer money from one account to another, and you might want to consider what interest rate is being offered on the line of credit," Kaplan says.


 

 

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