If you spend more money than you have in your checking account and end up with negative balance, your bank or credit union may cover the payment and charge you an overdraft fee. Overdraft fees cost up ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance professor who ...

Andriy Blokhin has 5+ years of professional experience in public accounting, personal investing, and as a senior auditor with Ernst & Young. Many banks offer overdraft protection, a short-term ...