Question of the Day: What is the average fee when you overdraw your checking account using your debit card?

Sep 04, 2018
Question of the Day, Checking Accounts

Answer: $32.75


  • What do you think are the reasons that people spend more money than what they have in their checking accounts? 
  • What has been the trend with overdraft fees since 2013? 
  • What are ways that you can prevent your account from being overdrawn (spending more than you have in your account)? 

Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.

Behind the numbers ( 

The average overdraft fee is now $32.75 per occurrence. While this is down slightly from $32.84 in the previous survey, it is still a large dollar figure which is made worse by the fact that overdraft charges tend to come in bunches.


The NGPF Online Bank Simulation is a great way to to teach your students how to manage an online bank account (and avoid those pesky overdraft fees!). 

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.