An overdraft occurs when you write a check or initiate a debit card purchase, and your account doesn’t have enough money to cover the transaction. The bank will cover the difference to process the ...

Forbes contributors publish independent expert analyses and insights. True Tamplin is on a mission to bring financial literacy into schools. Overdraft fee is a penalty banks impose when a transaction ...

Ever scroll through your bank statement and get sucker-punched by a random $35 overdraft fee? You're not alone. U.S. banks raked in over $12.1 billion in overdraft fees and non-sufficient funds fees ...