An overdraft occurs in a bank when an account holder withdraws an amount more than what is available in the balance. In cases where overdraft facility is available and the bank account customer has an arrangement with the bank to use this facility, then there are either some fees or a fixed rate of interest that would be charged to the customer’s account later. [Read more…]
How to Prevent Checking Account Overdraft Fee’s
It is quite normal for different credit unions and banks to process certain transactions, even if there happens to not be enough money in your account. It seems like a nice little favor on their part but reality sets in when they slap you with overdraft fees. If it has every happened to you, you already know that even a $3 dollar transaction can leave you paying $35 dollars in fees. [Read more…]
