Mar 12, 2024

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

With some banks removing them altogether, are we over overdraft fees? Not even close.

Answer: $26.61


  • What do you think are the reasons that people spend more money than what they have in their checking accounts? 
  • What has been the recent trend with the average amount of overdraft fees? Why do you think some banks have started removing overdraft fees?
  • What are the 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 (BankRate): 

While the average amounts charged for overdraft and NSF fees have decreased sharply, these fees are still charged by 91 percent and 70 percent of accounts, respectively, Bankrate’s study found.

“Fees for overdrawing an account have waned but are still charged by the overwhelming majority of accounts and can run as high as $38,” McBride says. “Opt out of overdraft protection on ATM withdrawals and small dollar debit card purchases but check your available account balance before initiating transactions to avoid overdraft fees altogether.”


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


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About the Author

Ryan Wood

Ryan grew up with and maintains a love for learning. He graduated from the University of Wisconsin-Green Bay with a degree in Business Administration and worked in sports marketing for a number of years. After living in Texas, Colorado, Tennessee, and Minnesota, the call of education eventually brought Ryan back to his home state of Wisconsin where he was a Business and Marketing teacher for three years. In his free time he likes to spend time with his wife and daughter, play basketball, read, and go fishing. Now with NGPF, Ryan is excited to help teachers lead the most important course their students will ever take.

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