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Follow these tips to keep more in your wallet by avoiding overdraft fees.
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Howcast empowers people with engaging, useful how-to information wherever, whenever they need to know how. Emphasizing high-quality instructional videos, Howcast brings you experts who provide accurate information in easy-to-follow tutorials on everything from makeup, hairstyling, nail art design, and soccer to parkour, skateboarding, dancing, kissing, and much, much more.
Step 1: Choose the right bank
Choose a bank or credit union that provides their customers with overdraft protection.
Tip
Realize that banks and credit unions are competing for your business, so choose carefully.
Step 2: Link checking and savings
Sign up for an overdraft protection plan that links your checking account to your savings account or a credit card.
Step 3: Check account balance
Check your account balance frequently and keep track of your deposits and withdrawals in your checkbook register.
Tip
Don't forget about automatic electronic payments you may have set up with utilities, loans, health clubs, or other institutions.
Step 4: Get alerts
Have your bank e-mail or text balance alerts to your computer or phone to keep you informed of your balance.
Step 5: Keep extra money
Whenever possible, keep some extra money in your account to allow for mistakes and avoid overdraft fees.
Step 6: Review statements
Review your bank statements each month to see what checks or transactions have or have not cleared.
Step 7: Opt out of protection plans
Opt out of protection plans so that your debit card will be declined if there isn't enough money in your account to cover the transaction. It'll be embarrassing, but a little embarrassment is better than paying $35.00 for a cup of coffee.
Did You Know?
According to the Center for Responsible Lending, debit-card overdrafts are the single largest source of overdraft fees.
Subscribe to Howcast's YouTube Channel - http://howc.st/uLaHRS
Follow these tips to keep more in your wallet by avoiding overdraft fees.
Howcast uploads the highest quality how-to videos daily! Be sure to check out our playlists for guides that interest you: http://howc.st/ytmainplaylists
Subscribe to Howcast's other YouTube Channels:
Howcast Health Channel - http://howc.st/HOE3aY
Howcast Video Games Channel - http://howc.st/tYKKrk
Howcast Tech Channel - http://howc.st/rx9FwR
Howcast Food Channel - http://howc.st/umBoJX
Howcast Arts & Recreation Channel - http://howc.st/vmB86i
Howcast Sports & Fitness Channel - http://howc.st/vKjUjm
Howcast Personal Care & Style Channel - http://howc.st/vbbNt3
Howcast empowers people with engaging, useful how-to information wherever, whenever they need to know how. Emphasizing high-quality instructional videos, Howcast brings you experts who provide accurate information in easy-to-follow tutorials on everything from makeup, hairstyling, nail art design, and soccer to parkour, skateboarding, dancing, kissing, and much, much more.
Step 1: Choose the right bank
Choose a bank or credit union that provides their customers with overdraft protection.
Tip
Realize that banks and credit unions are competing for your business, so choose carefully.
Step 2: Link checking and savings
Sign up for an overdraft protection plan that links your checking account to your savings account or a credit card.
Step 3: Check account balance
Check your account balance frequently and keep track of your deposits and withdrawals in your checkbook register.
Tip
Don't forget about automatic electronic payments you may have set up with utilities, loans, health clubs, or other institutions.
Step 4: Get alerts
Have your bank e-mail or text balance alerts to your computer or phone to keep you informed of your balance.
Step 5: Keep extra money
Whenever possible, keep some extra money in your account to allow for mistakes and avoid overdraft fees.
Step 6: Review statements
Review your bank statements each month to see what checks or transactions have or have not cleared.
Step 7: Opt out of protection plans
Opt out of protection plans so that your debit card will be declined if there isn't enough money in your account to cover the transaction. It'll be embarrassing, but a little embarrassment is better than paying $35.00 for a cup of coffee.
Did You Know?
According to the Center for Responsible Lending, debit-card overdrafts are the single largest source of overdraft fees.
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