Dominion Energy Credit Union provides multiple tools so that you'll always know your account balance.
Here are some tips to help you avoid overdrafts by actively managing your account balance.
As soon as you initiate a transaction, be sure to record it in your check register. This includes debit card purchases, checks, Bill Payer transactions, deposits, credits, transfers, and ATM transactions.
Remember to also record automatic transactions a few days in advance of the payment and ensure money is in your account on payment day.
It's a good idea to keep "a little extra" money in your account to cover potential mistakes and unexpected expenses.
There are many convenient ways to stay on top of your money.
When using a debit card, transactions may remain pending until the final transaction amount comes through. The hold will reduce your available balance.
Certain merchants may submit an upfront authorization that places a hold on your account that is different from the final purchase amount. This may happen if the final amount is unclear, such as buying gas at the pump, or paying for a service where a tip may be added later.
If your checking account balance is low, you may prefer to pay with cash or with a credit card. Just be sure to pay off your credit card balance to avoid interest charges.