Back to learn
What are overdraft fees & how are they calculated?
Rounding it up
Overdraft fees occur when you make a transaction that is more than the balance in your bank account.
Every bank has unique terms regarding overdraft fees; read your agreement closely to know how much and how often you will be charged.
There are a few simple steps everyone can take to avoid overdraft fees, including keeping a minimum balance in a bank account and sticking to a budget.
It may be time to reevaluate where you bank and move to a no-fee bank
Ally Streelman
Ally Streelman is a storyteller whose work spans money, wellness, travel, and more with the chief goal of empowering readers. When she’s not stringing together sentences, you can find her immersed in a new city, cookbook, or novel or encouraging women to take hold of their financial journey.
Recent Articles
What effects do low interest rates have on the economy?
Should your spending change when interest rates rise?
Which assets do well with rising interest rates?
How do interest rates impact the stock market?
Why Instant Pay is becoming more popular during inflation
What are the pros and cons of inflation for consumers?
Related articles
Is there a cap on overdraft fees? How are they determined?
7 mins
Dan BuchererOverdraft protection can be helpful for consumers who accidentally overspend but does the government cap these charges? Read on to learn more.
Is there a cap on overdraft fees? How are they determined?
7 mins
Dan Bucherer
Overdraft protection can be helpful for consumers who accidentally overspend but does the government cap these charges? Read on to learn more.
#overdraft
#loans
#fees
#budgeting
Do I need to balance my chequebook?
6 mins
Dan BuchererYou don’t need to sit down with piles of receipts and a paper transaction register to balance your chequebook. Read on to learn what we mean.
Do I need to balance my chequebook?
6 mins
Dan Bucherer
You don’t need to sit down with piles of receipts and a paper transaction register to balance your chequebook. Read on to learn what we mean.
#chequebook
#balancing
#budgeting
How to negotiate a raise?
7 mins
Ryan SeveranceHow much are you worth? Here’s how to successfully negotiate a raise with your boss.
How to negotiate a raise?
7 mins
Ryan Severance
How much are you worth? Here’s how to successfully negotiate a raise with your boss.
#getting a raise
#budgeting
#salaries
#negotiating a raise
Are overdraft fees predatory?
6 mins
Dan BuchererDon’t want the embarrassment of being declined at the register? Fair enough, but there’s still a price to pay.
Are overdraft fees predatory?
6 mins
Dan Bucherer
Don’t want the embarrassment of being declined at the register? Fair enough, but there’s still a price to pay.
#Overdraft
# debt
#budgeting
#bank overdraft
Is gaming getting cheaper or more expensive?
7 mins
Jake VictorAre you new to gaming or trying to stock up on new games? See how you can get the best deals and save your money.
Is gaming getting cheaper or more expensive?
7 mins
Jake Victor
Are you new to gaming or trying to stock up on new games? See how you can get the best deals and save your money.
#Cost of video games
#affordable video games
#budgeting
#cash back
How much do professional gamers make?
7 mins
Dan BuchererProfessional gamers can make a lot of money — here, we’ll show you how you can join this new streaming industry.
How much do professional gamers make?
7 mins
Dan Bucherer
Professional gamers can make a lot of money — here, we’ll show you how you can join this new streaming industry.
#Video games
#gaming
#prepaid credit card
#prepaid card
#cash back
#budgeting
#video game streaming