Avoiding overdrafts, bounced checks, should be a number one priority to all those who have checking accounts. The amount of money that you can be charged by the bank and by the merchant who takes the bounced check can be staggering. If too many of these overdrafts show up at one time, you can find yourself several hundreds of dollars (or more) in arrears just in penalties and fees. You may even have to go to court to get things back to normal, and lastly, your bank may cancel your account. There is nothing good about overdrafts.
So, how can you avoid bounced checks and overdrafts?
The answer to that is good management. If you know what funds are in your account, you are less likely to make a mistake which can cause an overdraft.
The first step to preventing overdrafts is to use your checkbook register when you write a check or make an electronic transfer from your checking account. The register is the fastest way to keep track of what you have outstanding and what your current balance is in your checking account. An important issue with keeping the register up to date is to make sure that you also include any service fees that are automatically deducted...
To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...
