In Canada, overdraft fees may apply when your account lacks funds to cover a purchase or withdrawal but your bank approves the transaction. Banks typically offer overdraft protection through either a monthly flat fee or a per-use fee, capped at $5 per transaction (plus interest). If you don’t have overdraft protection, you can end up...

Wondering why your bank balance has shrunk and there’s a "debit memo" on your statement? Learn what these bank notices mean, why NSF or overdraft fees might be responsible, and what steps to take next.

Short on funds for the footy? Keen to grab a parmy at the pub? Need a little extra to cover the price of petrol? Whether you’re in need of quick cash for something small or you’re facing more serious cash shortfalls like covering your rent, having the ability to extend your bank balance beyond zero...

It’s a cold winter’s night when you decide to run some errands. You buy a new coat, some nice blankets, and a hot chocolate from three different vendors. As you’re driving home you remember — your account was already in the negative! With most banks, this shopping trip could cost an additional $34 per transaction,...

This article will discuss Wells Fargo’s overdraft fees, limits, and overdraft protection services. Here you will find helpful tips on how to avoid overdraft fees, the possibility of having fees waived, and information on exactly what you can expect if your account is overdrawn. You will also find useful information on the use of no-fee...

Bank accounts are easier to open than ever, and mobile banking apps with full features and low fees are prying millions of consumers away from high-cost traditional banks. But those shiny new bank accounts can come with a pretty frustrating catch - many banks and banking apps will make you wait weeks or even months before...