Sidestep Overdraft Fees (Video)
Banks make in excess of $30 billion dollars a year on overdraft related charges. Overdrafts occur when you have checks and/ or debit card transactions that exceed the balance in your checking account. Some banks will allow these transactions to clear, rather than rejecting them, and charge you $25 – $35 per transaction. Be sure that your bank rejects any transaction that would overdraw your account.