ANALYZE: Overdraft Fees An overdraft occurs when you don't have enough money in your bank account to cover a transaction. There are different outcomes for an overdraft depending on the bank and whether you've opted in to specific features that they might offer. Part I: How Do Banks Handle an Overdraft? 1. Use BankRate's Overdraft Fees Vs. NSF Fees: How They Differ article to pair each overdraft protection with its description. List of Overdraft Outcomes Overdraft Coverage NSF Fee Overdraft Protection Overdraft Outcome (Fill in the blank) DESCRIPTION __________________ Charged when checks or electronic payments cause your account to go below $0 This is only charged if no other account protections are in place The average fee is around $25. All transactions will be declined __________________ A service that automatically transfers money from a linked savings account when a transaction would cause your account balance to go below $0 Transactions are approved and money is transferred from your linked account There is sometimes a fee but it will typically be smaller than other options __________________ Charged when any transaction causes your checking account balance to go below $0 Transaction to be