Comments on: New Ways to Avoid Bank Overdraft Fees

By: Twenty Something Finances Carnival | 20s Money

Twenty Something Finances Carnival | 20s Money — Tue, 06 Oct 2009 14:06:51 +0000

[...] presents New Ways to Avoid Bank Overdraft Fees posted at Prime Time [...]

By: Carnival of Personal Finance #224 – National Dog Week | My Life ROI, Getting the Best Return On Life

Mon, 28 Sep 2009 09:44:11 +0000

[...] PT from PT Money presents New Ways to Avoid Bank Overdraft Fees. [...]

By: Samson Smith

Samson Smith — Mon, 28 Sep 2009 09:33:10 +0000

Great post, according to me go cash only is the perfect way.

By: Opt Out of Overdraft Protection Policy Changes and Weekly Round Up | One Money Design

Fri, 25 Sep 2009 18:25:57 +0000

[...] Money tells us some new ways to avoid bank overdraft fees. I like the option of getting alerts or notifications by email if my balance were to hit a [...]

By: Money

Money — Fri, 25 Sep 2009 06:46:15 +0000

I think everyone should immediately opt out of the overdraft program. Paying up to $40 a day for being overdrawn by a small amount is just ridiculous.

By: Jason @ One Money Design

Jason @ One Money Design — Fri, 25 Sep 2009 01:08:01 +0000

While good cash flow management is the best way to go to avoid the overdraft, we all make mistakes. I’m in favor of stopping one at the register in case of overspending. As an extra measure of safety, I like the notifcations option.

By: Jesse

Jesse — Thu, 24 Sep 2009 18:19:38 +0000

Honestly I just track my spending and keep a mental tab of how much is in my account. I have never overdrafted in any way. I just know how much I have to spend, and then spend less than that..

By: Vas

Vas — Thu, 24 Sep 2009 14:23:17 +0000

Alerts is a good one

By: Peter Luke

Peter Luke — Thu, 24 Sep 2009 07:44:08 +0000

From the options you have mentioned, I think that creating alerts is a smarter move. This would save us from some awkward situations especially when we lose track of or balance. Discreet too.

By: Justin Bufkin

Justin Bufkin — Thu, 24 Sep 2009 03:55:42 +0000

I have a strategy that has always helped me avoid overdrafts and/or protection fees. Try placing $1000 (or whatever suits your situation) in your checking account. Allow that amount to become your checking account “floor”. Another words, when your account hits 1000 you are at “0″. Psychologically it takes a little getting used to but it has allowed me the convenience of never having to worry about these issues. There may be a valid argument that I could be generating interest elsewhere with that money ,but I enjoy the peace of mind. Hope this helps someone!