Never worry about bank overdrafts with these secret tips
Strategies to Avoid Overdrafts
One of the simplest ways to avoid overdrafts is by keeping a close eye on your account balance. Many banks offer mobile apps that provide real-time updates on your financial status. By setting up balance alerts, you can receive notifications when your account falls below a certain threshold, helping you avoid unintentional overdrafts.
Another effective strategy is linking your checking account to a savings account or a line of credit. This arrangement automatically transfers funds to cover any shortfalls, often at a lower fee than standard overdraft charges2. Additionally, some banks offer overdraft protection plans that can be a lifesaver if you frequently find yourself in this situation.