By: Dean

I just opened a new account, and the bank informed me that their overdraft fee is $39, and their insufficient funds fee is $39. At least with the overdraft, the company I wrote the check for doesn’t charge me a $25 NSF fee in addition to the $39 insufficient funds fee at the bank.
Bottom Line:
If you can’t keep enough money in the bank to be 100% sure you will never bounce a check or be declined on your debit card, use ONLY cash. Consider the Fee an educational expense and don’t use the bank. The post office will sell you a money order for times when you need a check, and it will be a whole lot cheaper unless you write many checks a month.