Banking Services - Fend off bounced-check fees

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A bounced check can trigger multiple penalty fees from your bank as well as additional fees from the business receiving the rubber check.

The best way to avoid such fees is to manage your account so you don’t overdraw any checks. But if you think you need overdraft protection, your bank may allow you to cushion checks with money from your savings account, credit card, or a line of credit. Even if you must pay fees or interest, they may still cost less than one bounced check.

One warning – some banks automatically enroll customers in their own overdraft protection plans, which have unreasonably high interest rates. You should check with your bank, and opt-out in writing if you find that’s the case.



All the best,



Timben