Learn about the financial consequences of overdrawing your checking account and discover strategies to avoid costly overdraft fees and account closures.

An overdraft occurs when you write a check or initiate a debit card purchase, and your account doesn’t have enough money to cover the transaction. The bank will cover the difference to process the ...

Overdraft fees can be an expensive and frustrating surprise, especially if you’re not aware of your bank’s policies. If you have a Chase checking account, understanding how Chase overdraft fees work ...

Freedom Debt Relief explains that it's important to understand how overdraft works, what to do if your account is overdrawn, and how to avoid overdrafts in the future so that you can sidestep fees and ...

If you don’t keep a close watch on your checking account balance, making a debit purchase or writing a check without enough funds in your account to cover it could end up costing you. The average ...

Banks are raking in billions from overdraft fees, but there are simple ways to avoid them and save money. Banks are raking in billions from overdraft fees, but there are simple ways to avoid them and ...

Banks are making billions of dollars annually from overdraft fees, with Chase alone earning $1 billion last year.Wells Fargo and Navy Federal Credit Union are also cashing in, reporting $1 billion and ...

When you use more funds than you have in your checking, savings, or money market bank account, you can end up with a negative balance. That can lead to your bank declining future transactions. If you ...