Banks collected $5.8 billion in overdrafts and NSF fees in 2023 alone — and the fees keep going up. It’s money they extracted from customers who were often unaware they were even being charged in the ...

KEY POINTS Keeping too much money in your checking account means missing out on growth -- most accounts earn close to 0% interest. A good rule of thumb is to keep one to two months' worth of ...

According to the FDIC, the average checking account APY is just 0.07%. That means even if you have $10,000 sitting in your account, you're earning just $7 per year in interest.