| Overdraft fees have become a necessary evil for | | | | If you are looking for low overdraft fees banks, here |
| many people. On the one hand, overdraft protection | | | | are 3 things to look for: |
| sounds like a pretty good deal. Essentially, it means | | | | 1. Make sure the bank is FDIC-insured: Any bank with |
| that your bank is protecting you from having to face a | | | | which you do business should be FDIC-insured, which |
| bounced check or be denied debit charge at the | | | | means the government will cover you if the bank goes |
| register. At the same time, however, the service | | | | out of business. |
| results in huge charges to your account every time | | | | 2. Find out whether they allow you to conduct your |
| they are made. A typical overdraft charge is $25 to | | | | banking online: Make sure the bank has an online |
| $35, depending upon the bank. | | | | banking option. Online banking is essential today for a |
| And, banks are making a killing on overdraft fees, to | | | | smooth banking experience. |
| the tune of about $30 billion per year. In fact, these | | | | 3. Check out their website in detail and pay attention to |
| fees - also known as NSF fees - have become a | | | | the feeling you get when you are there: Remember |
| significant source of income for banks. | | | | that it's not just about their offer: it is about how they |
| Luckily, there is an excellent alternative to your paying | | | | make you feel. Do you like what they stand for? Do |
| heavy overdraft fees. There are some great banks | | | | you trust them? Pay attention to this when making |
| sprouting up now that will never charge you an | | | | your decision. |
| overdraft fee - even if you overdraw your account. | | | | Look for these 3 things when selecting your |
| That's right: they will cover your overdrawn charge | | | | no-overdraft-fee bank. |
| and not charge you a fee. | | | | |