Overdraft fees edge higher
If you slip up and make a purchase with a debit card your balance won't cover, you'll pay more than ever for the error these days. Like ATM fees, overdraft fees tend to rise at or near the rate of inflation, and this year is no exception. The average nonsufficient funds fee rose to a record $30.83 this year.
Tip: New regulations require banks to get a customer's opt-in before charging him or her an overdraft fee for a debit purchase. All you have to do to avoid overdraft charges is refuse to opt in. If you don't have enough money to cover a purchase, your card will simply be declined.