Three Ways to Avoid Paying Checking and Savings Account Fees

From monthly maintenance fees, to ATM withdrawal fees, to minimum balance fees, it can be hard to keep up with all the fees that are often associated with having a checking or savings account.

According to's 2016 checking account survey, the average account fee for nonsufficient funds (NSF) was $33.04. Bankrate also reported that the average ATM withdrawal fee for a non-customer bank was $2.90.

Another thing to be aware of is that most debit cards come with automatic overdraft "protection." This means that if you use your debit card to pay for something and you currently do not have enough money in your account to cover that charge, your financial institution will often allow the charge to go through and then automatically charge you with a NSF or overdraft fee, rather than denying the charge on the spot.

Financial expert Jean Chatzky, recently noted that "one moment of embarrassment at the cash register is probably worth saving over $30 in overdraft fees." America Saves agrees.

Since nearly all checking accounts charge NSF fees, and some savings accounts have minimum balance requirements in order to avoid a maintenance fee, it's important to educate yourself about the various fees that come along with maintaining a checking or savings account.

Here are three ways you can avoid those pesky fees:



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Three ways to avoid checking and savings account fees:
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