Tag: Accounts

Using a checking account can be a great way to avoid overdraft fees. But there are some tips you should keep in mind to make sure you're not overspending. Avoid Overdraft Fees Several banks charge overdraft fees when you use your checking account. You can avoid overdraft fees by choosing a bank that offers a generous fee policy. Then, you can set up alerts that notify you when you have low balances. One way to avoid overdraft fees is to avoid making small purchases with a debit card. Most banks don't charge overdraft fees for transactions under $5. However, some banks charge as high as $39 per transaction. Another way to avoid overdraft fees is to keep a cash cushion. You can do this by maintaining a positive balance on…