Look, we’ve all been there: one too many purchases that may have slipped your mind and before you know it, your account balance is in the red and you’re hit with the overdraft fee.
Here at MyBankTracker, we advise you to always have a buffer in your account so that there’s always some “backup” money to prevent you from holding a negative balance. Always set up account alerts so that you’re reminded whenever you’re closing in on a dangerously low balance.
Here are overdraft fees you should expect from these major U.S. banks:
|Bank of America||$35|
|U.S. Bank||$15 on items $15 or less, $35 on items $15.01 or more|
|PNC Bank||$25 per incident if incident is the first in past 12 months, $36 for each subsequent incident|
These fees are for the state of New York, and most banks have consistent fees across the country, but always make sure by checking with your bank. Fees are usually found under the Checking Account sections on a bank’s site.