Five checking account mistakes to avoid - $ and Sense
Black Enterprise

Face it. You'll need a checking account to run your enterprise. But before you find yourself in debt and out of business, check out these checking account mistakes and how you can avoid making them:

Mistake No. 1: Making frequent ATM withdrawals from other banks

Why it's a Mistake: This can add up to hundreds of dollars a year in fees.

Row to Avoid It: Make withdrawals at your bank only or use checks. Also, find a bank or credit union that doesn't charge a withdrawal fee.

Mistake No. 2: Bouncing checks

Why it's a Mistake: Getting hit with fees because of insufficient funds can deplete your account quickly, not to mention ruin your credit.

How to Avoid It: Keep good records and/or get overdraft protection on your account. You can also call the institutions you owe and explain that you don't have the funds immediately available. Post-dating checks is another option.