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Basic Banking

Managing Your Account

Why do account holders put their accounts in an overdraft situation?

Because of the wide availability of debit cards and their usage, people are becoming accustomed to making many small purchases instead of using cash. Even one purchase for a few dollars, when it arrives at an account too short of cash, will cause the account holder to be charged upwards of $35 at some institutions.

Don’t go too long without balancing your check book or you are probably going to give yourself a headache! The best approach is to balance your account each month when your financial institution issues you a statement.

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