Financial Regulation
Financial Regulation
checking
6 ways to avoid pesky overdraft fees

Pay off overdrafts ASAP
Next
7 of 8
Back
text

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.


 

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
CD & INVESTING NEWSLETTER

Learn the latest trends that will help grow your portfolio, plus tips on investing strategies. Delivered weekly.

Ask Dr. Don

Have a savings bond tax problem?

Dear Dr. Don, I have a number of savings bonds that will stop earning interest in the next three to four years, months apart from each other. I retired in 2013. Is there any way for me to legally avoid paying the income... Read more

advertisement
Partner Center
advertisement

Connect with us