5 Sneaky Overdraft Traps

Incurring a small fortune in overdraft fees no longer requires a poorly-balanced checkbook. To boost revenue, many banks have jacked up fees and reworked policies to maximize the potential for overdrafts, putting even the most diligent account holders at risk, says Jean Ann Fox, director of financial services for the Consumer Federation of America. Here are five ways a bank might try to trip you up with pricey overdrafts, plus advice on how to avoid them.

By Kelli B. Grant

Sneaky Overdraft Traps