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Midtown Bank Newsletter
Greetings!
PROTECTING YOURSELF FROM OVERDRAFT AND
BOUNCED-CHECK FEES
Bounced check and overdrafts happen when you take money from your checking account that is more than the amount in your checking account.
You can avoid overdraft and bounced-check fees by managing your account so you don't overdraw it.
- Keep track of how much money you have in your checking account by keeping your account register up-to-date. Record all checks when you write them and other transactions when you make them. And don't forget to subtract any fees.
- Pay special attention to your electronic transactions. Record your ATM withdrawals and fees, debit card purchases, and online payments.
- Don't forget about automatic bill payments you may have set up for utilities, insurance, loan payments, membership dues, etc.
- Keep an eye on your account balances. Remember that some checks and automatic payments may not have cleared yet.
- Review your account statements each month. Between statements, you can find out which payments have cleared and check your balance by signing up for online banking or you can choose to see your balance at an ATM.
For more ways to protect yourself from overdraft contact any Banking Center Representative. |
