Regarding issues on money problems or bank statements (negative balances)

First thing to do? Call the bank and arrange a free overdraft facility, even if it's only temporary. Otherwise they'll slap you with so many bank charges that you'll end up paying 4-5 times what you really "borrowed". Most banks are quite friendly about that, especially if it's only a few hundred dollars. Once you've done that you won't be hit with big charges, so you'll have time to find some money to cover the negative.

In India any cheque cannot be debited without having sufficient fund in your account.Though in some special circumstances bank can debit your account to meet some need, but it will result a debit balance in your account. I don't have such experience in my life and hope it will never happen. You must meet the bank officials and do what they suggest as they will surely find a solution for your problem.

Hello! I am in china. I have several bank account. Every year to deduct the annual fee,about 12 yuan RMB. I think the bank account too much is not a good thing. Just keep your own needs is wise enough to choose. Happy every day!

Hi! Touch wood that that will never happen to me. So far, I have not encounter such a situation before, where I will ensure I have enough money in my checking account before I issue check to other. And moreover, our bank will not let the check get through if they found that our account have not enough money to cash the check, so, what they will do is they will call and inform the account holder to bank in money so that the check will not be bounced. Tips to avoid such a situation is to save a portion of your income first let say, 30% or 10% when ever you get your salary. So, after you have save the money, then only you can spend the rest of your money. In such a way, you will still at least have saving after you have spent the rest of the money.

With me, a negative balance happens frequently. When I write a check, I have the money in the bank. I check my online account as well as my checkbook. I pay the bills but by the time the check goes back to the bank something goes terribly wrong and suddenly the money is not there. I usually run out in the middle of the month. And, there is nothing I can do until I get my Social Security check on the 3rd of the following month.

Have you not checked your bank account often? With that negative balance you have, you surely don't have any idea why it happened. I think you need to settle those in order to get away from notices. After that, just close the account.

Firstly you need a system to help you keep track of your expenses. If you are very worried about this becoming a big problem you can always figure out your debts leave that money in the bank for them to clear and take the difference out in cash as your spending money for whatever you need. Also avoid automatic payments out of your account, I find them causing me a headache from time to timebetween trying to remember when they come out but scrambling to be able to pay for them.

The only way i could see is to manage your finances properly. Do not overspend, if the expense to be incurred can be delayed for some time, then schedule it. Keep track of all the checks issued and keep your records up to date. For the monthly bills being debited automatically, make sure that your income is more than the bills you have to pay.

Here in the Philippines, if your checking account gets overdraft, and the checks have already been debited, it will surely be closed. And besides an unfunded check even overnight could cost a lot. Don't they do that in your place?