Ten Strategies to Fight Bank Fees

Mierzwinski suggests keeping a cushion of a few hundred dollars in the checking account at all times to avoid overdrafts in the first place. It is also useful to closely monitor credits and debits with an old-fashioned check register -- even for small purchases like a cup of coffee -- to ensure that you don't go over your limit.

2. Debit Cards

Debit cards are part of the reason consumers are facing more overdrafts. While they're quick and convenient, they also lead to overconfidence or confusion about the amount of money available. (It's easier to tell when there's no cash left in the wallet than when you've swiped too many times.)

Some outlets charge a fee for each debit-card transaction (ranging from 25 cents to $1.50) as well, or for issuing the card in the first place.

Another bank tactic that hurts consumers is processing debits and credits at the end of the day, starting with the largest. That can result in multiple overdraft fees, regardless of the order in which transactions occurred.

For instance, a consumer has $100 in her account. She makes three debit-card purchases during the day, totaling $50. Then a check for $125 is processed. If her bank starts with the largest item, she will face four overdraft fees, not just one.

Consumers should also be wary of "holds" that some retail enterprises place on accounts. These temporary charges can exceed the amount you actually incurred. For instance, a gas station might issue a $100 hold, whether you fill up with $30 worth of gas or $90 worth. This clears up once the actual transaction processes, but can take days. It can be unclear on ATM screens whether such "holds" are factored into the balance.