What is an overdraft fee and how can you avoid it?

When it comes to banking — even if your financial institution doesn’t charge a monthly fee — there may be things you need to pay for. One common charge is an overdraft fee, which is a fee some banks charge when you go beyond the available balance in an account. Luckily, there are ways to avoid overdraft fees, including preventative measures such as finding a checking account that doesn’t charge them.