Quick Answer: Avoiding overdraft fees in the New Year requires vigilance. You can regularly monitor your balance, set up alerts, schedule payments wisely, and link accounts for overdraft protection to save money and reduce stress.

Overdraft fees can turn a small purchase, like a $5 coffee, into an expensive lesson. These fees are not only inconvenient but also preventable with the right strategies. As we move into the New Year, learning how to avoid overdraft fees can help you achieve better financial control and peace of mind. CCCU shares four actionable tips to help you start 2025 on a financially strong note:

1. Regularly Check Your Account Balance

Staying informed about your account balance is the foundation of avoiding overdraft fees. Use mobile banking apps or online portals to check your balance daily. This habit keeps you aware of your financial position, ensuring you don’t spend beyond your means.

2. Set Up Low-Balance Alerts

At CCCU, we encourage everyone to set up low-balance alerts on their bank accounts. These alerts notify you when your account balance falls below a threshold that you set. These timely reminders can remind you to add funds or adjust spending before an overdraft fee occurs.

To set up low-balance alerts on your CCCU account, log in to your online banking or mobile app, go to Menu > select “Alerts,” choose the account you want to monitor, and set the amount.

3. Schedule Payments After Payday

Timing is critical when managing automatic payments. Align your bill payments or subscriptions with your payday to ensure you have sufficient funds in your account. This approach prevents payment processing mishaps that could lead to overdraft fees.

4. Enable Overdraft Protection by Linking Accounts

Overdraft protection, often available by linking your checking account to a savings account or line of credit, ensures funds are automatically transferred to cover shortfalls. CCCU offers an overdraft line of credit starting at $500, helping you save significant money on overdraft fees.

Conclusion

Building better financial habits and using available tools like opening an overdraft line of credit can help you avoid overdraft fees. By following these steps, you’ll save money, reduce financial stress, and start the year with confidence. To open or inquire about CCCU’s overdraft line of credit, call us at 702-228-2228, Option 1. Let CCCU help you implement these strategies and achieve your financial goals in 2025. Together, we can make it your best financial year yet!