Five Tips to Avoid Overdrafts
Sometimes life gets hectic and things can fall through the cracks. We get that! So, here are a few tips to help you avoid overdrafts and manage your account wisely.
Use account alerts.
It’s a good idea to keep track of your balance and transactions in your account – and don’t forget about automatic payments, too. FGB has online and mobile banking to make keeping up with your accounts even easier.
Want a more proactive approach? Through online banking, you can set up email, text alerts, and push notifications to automatically notify you when your balance gets low. Lastly, set aside time each week to go over your balance and transaction history. This will help you minimize the risk of overdrafts and also aid you in identifying any fraudulent activity as well.
Never write a check or use your debit card for a charge that is more than you have in your account. If you need help managing your finances, think about creating a budget. Comparing how much and where you spend with how much you deposit may decrease your odds of overdrawing your account.
Deposit your money quicker.
Consider using direct deposit for your paycheck. You will have access to your money quicker than having to wait to go to the bank. If you don’t have that option – then download the MyFGB app and use our mobile check deposit.
Put your money to work for you.
Sign up for FGB’s Courtesy Sweep. With this service, you make arrangements to automatically transfer funds from one of your other FGB accounts (checking or savings) to an account that you use frequently. Or, if you’d like, you can also arrange to transfer funds from one of your FGB Credit Cards to that account. This service must be set-up in advance of an NSF item transaction and is $2 per month. For more information, call your local Relationship Banker.
Keep a clean financial house.
Don’t allow old checks to sit around collecting dust. Destroy any voided or unused checks or deposit slips. Update any changes in your personal information and report stolen checks or debit cards immediately.