How to Stop a Debit Overdraft

A debit overdraft occurs when you spend more than the amount in your checking account. This results in not only a negative amount in your account, but also unnecessary bank fees. You can avoid these high bank fees and future debit overdrafts by a few preventative measures, such as adding an account from which funds can be drawn, or by tracking your spending and checking your balance prior to a purchase or withdrawal.

• 1

  Consult a banker to see what options are available for overdraft protection. Most banks offer an overdraft protection plan in which a savings account or credit account is linked to your debit or checking account so that if an overdraft is about to happen, money is automatically transferred (for a small fee) into your account.

• 2

  Sign up for overdraft warning alerts. Many banks offer a service in which you will receive an email or text message if your bank account balance falls below a certain amount. This will give you the warning you need so that you do not use your debit card for additional purchases that will result in an overdraft of your account.

• 3

  Balance your checkbook. Knowing your balance can save you from a debit overdraft, according to My Bank Tracker. Write down every transaction, including withdrawals, fees, purchases and deposits. Use your computer or phone to contact the bank for a balance inquiry.