Overdraft fees occur when you write a check or use your debit card for an amount of money you don’t have in your checking account. Even a small overdraft can lead to costly fees, so learning to avoid them is an important part of managing your account.
When you have a checking account, keep track of your balance, and subtract all of your purchases, so you always know how much money you have. Online banking makes it easier than ever to keep track of your account. Don’t forget to subtract automatic drafts from your balance, so they don’t surprise you when they come out. For added protection, you can set up automatic overdraft transfers, so that money from another account, such as a savings account, is automatically transferred to your checking account to prevent an overdraft from occurring.
GCS Credit Union gives you the tools you need to carefully manage your checking account in O’Fallon , including online banking and online bill pay services. To get more information about credit union membership, call (618) 797-7993.