7 of the Best Ways to Handle an Overdraft Fee ...


You can't avoid some bank fees, but others you can. An overdraft happens if a transaction comes through your checking account and you don't have enough money. Overdraft fees vary by financial institution, but can range between $25 and $45. It's a costly fee that can quickly snowball. For that matter, here are seven of the best ways to handle an overdraft fee.

1. Don't Ignore It

Pretending an overdraft fee doesn't exist isn't going to make the problem go away. Your account will stay in the red, and if you don't pay back this money in about two months, your bank may close your account, making it harder for you to open a new bank account.

Negotiate with Your Bank
Explore more ...