How to Avoid Overdraft Fees

Overdraft fees on personal and business bank accounts are common, but they are also avoidable. Here are a few key points to keep in mind as you learn why these fees occur and how you can avoid them.

Posting Order

An important thing to understand is how and when items are posted to your checking and savings accounts. This posting order affects your account balance since some transactions take longer to post. Click here for Peoples Bank’s policies

Learn more about posting order

Budgeting and Planning

Budgeting and planning ahead will help you see how your income and expenses work together. Determine your monthly income and expenses so you can create a budget and clearly see where your money is going.

Learn how to make a budget and plan spending

Evaluate Your Options

As a banking customer, you must understand the available products and account features that may help limit fees in the event of overdraft. You can link your savings account or a line of credit to your checking account to minimize fees. You may also choose not to opt-in to the overdraft service for one-time debit card or ATM transactions.

Review our overdraft options and compare fees here


Leverage Digital Banking

Consider account features such as online banking or get our mobile banking app to stay on top of your account balance, or set up your account to send you low-balance alerts.

Learn more about online banking