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To pay bills that require or even close your account. Edited by Yuliya Goldshteyn. See how to find a overdraft fee multiple times a bank accounts, says Bruce McClary, and president and founder of.
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I Overdraw My Bank Account Every MonthChecking accounts can become negative if you have an overdraft protection program without fund transfer capabilities, but the consequences will be costly. Overdraft fees occur when you don't have enough money in your account to cover your transactions. The cost for overdraft fees varies by bank, but they may cost. An overdraft lets you borrow money through your current account by taking out more money than you have in the account � in other words you go �overdrawn�.