Article: How To Avoid Overdraft And Bounced Cheque Fees
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How To Avoid Overdraft And Bounced Cheque Fees
Here are some useful tips on how to avoid overdraft and bounced cheque fees. When you write a cheque, withdraw money from an cash machine, use your debit card to make a purchase or make an Direct Debit bill payment or other electronic payment for more than the amount in your current account, you overdraw your account.
Your bank has the choice to either pay the amount or not. If it pays even though you don't have the money in your account, you may be charged an "overdraft" fee. If your bank returns your cheque without paying it, you may be charged a "bounced cheque" fee.
The best way to avoid overdraft and bounced cheque fees is to manage your account so you don't overdraw it.
Keep track of how much money you have in your current account by kee...
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