Americans pay an average of $150 to $200 annually in bank fees, mostly from overdrafts and account charges. Setting up banking notifications can help manage fees. Low balance alerts can prevent overdrafts by warning when funds are low. Alerts for unusual account activity can help catch fraud early.
Bank alerts for large purchases and withdrawals are valuable for tracking expenses. Alerts can be set for specific dollar amounts triggering notifications. Nearly 1 in 3 Americans have been victims of online financial fraud. Alerts for profile changes help prevent unauthorized access and potential overdraft fees.
Consider setting alerts for upcoming payments to stay on top of finances. Not all alerts may be necessary, so choose based on your financial needs. Setting up alerts varies by bank but generally involves logging into your account, navigating to settings, and choosing alerts preferences.
It’s important to update alert settings as your financial needs change. Keep track of instructions specific to your bank. For more financial tips, visit GOBankingRates.
Read more at Yahoo Finance: 5 Smart Ways To Use Bank Alerts To Avoid Overdrafts and Fees