Overdraft fees can be a major drain on your finances. Some banks charge more than $30 per overdraft and potentially charge that fee multiple times per day if you keep making transactions that overdraw your checking account. If you want to avoid these fees, you can typically opt out of overdraft coverage with your bank….

Chanelle Bessette writes for NerdWallet. Email: cbessette@nerdwallet.com.

The article Overdraft Protection: What It Is and Different Types originally appeared on NerdWallet.

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