When you open a new checking account, you'll have the option to sign up for overdraft protection. Bank representatives often tout the service as a way to keep your account balance from going into the ...

An overdraft occurs when you write a check or initiate a debit card purchase, and your account doesn’t have enough money to cover the transaction. The bank will cover the difference to process the ...

A bank account is a useful place to store money. It’s insured by the Federal Deposit Insurance Corp. (FDIC), and you can use your debit card to make purchases. Debit cards make buying goods and ...