Financial Regulation
Financial Regulation
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6 ways to avoid pesky overdraft fees

Pay off overdrafts ASAP
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Finally, if you do overspend the balance of your checking account, try to cover the overdraft and fee as soon as possible. Many banks charge more fees if the overdraft isn't repaid within a few days, and most will cover both items off the top as soon as the next deposit comes into the account.

"A lot of banks charge multiple fees for the same overdraft, and the longer you leave your account in negative status, the more likely (it is) that other transactions are going to trigger fees," Fox says.


 

 

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