What is the most frequently charged fee on checking accounts?
Overdraft fees
What is the most frequently charged fee on checking accounts?
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What is the most frequently charged fee on checking accounts?
Overdraft fees
Overdraft fees are the most frequently charged fees on checking accounts. These fees occur when a customer withdraws more money than is available in their account, leading the bank to cover the shortfall. To prevent declined transactions, banks typically allow overdrafts but charge a fee for this service, which can be significant. Always keeping track of your account balance can help avoid these fees! If you have more questions, feel free to ask!