Shafted On Overdraft Fees
Every time you go over your bank balance you can upwards of $30 each time. This adds up if you do this regularly. Don’t count on your “available balance” to always be right–there could be charges pending which would make your balance less than you think. “Available balance generally reflects the money you have in your account available to you, but a common trigger of overdraft fees occurs when the transaction is actually posting (moving from a ‘pending’ status to ‘posted’),” explains WikiHow. So always balance your checkbook and try creating a buffer by maintaining a certain amount in your account and never use it. You can also consider overdraft protection, but remember this has a monthly fee. You can also opt out of the “overdraft option” offered by your bank.