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A business overdraft fee is a charge that your company incurs if you attempt to spend more than what is available in your business checking account. The costs vary from $10 to over $30 per transaction. Bank overdraft fees are more prevalent than people realize, so even the most conscientious business owners may encounter these […]
No business owner wants to be in the red or pay avoidable fees — but when it happens, it’s important to have a plan. Setting up a line of credit to cover your businesses overdraft fees is one option.
When it comes to filing your taxes, no business expense is too insignificant to consider. Even the smallest fees — such as overdraft fees — are important to reducing your overall tax burden…but they’re often overlooked.
Many people don’t want to endure the embarrassment of a declined transaction due to insufficient funds in their bank account. Banks realized this, and they’ve developed a fee structure to help customers and businesses avoid that situation.
Overdraft protection is a line of credit that banks offer to businesses to cover overdrafts. Overdraft protection kicks in when the business writes a check or completes a transaction for more than the amount in their account.