Many business people do not have the proper statistics about their income and expenses, due to that they caught up in paying up overdraft fees many banks have strictly condemn this unknown act by the customer, they charge a fee for the mistake. These are some of the reasons why people pay overdraft fees.

• First of all, if you do a business, you need to have complete knowledge about the incomes and expenses. If  you do not know what is the current bank balance, how can you write a check  and give it to somebody, in Asian countries many business people cheat by writing a check with current date,  I mean they use for instant relief from others.
• Lack of planning is another important reason for paying overdraft fees,  this happens when a person takes out the money from the bank without knowing the balance.
• People who take loans from the bank or having a fixed deposit will have this problem of paying overdraft fees, they do not realize at times about the dues they are going to pay, they withdraw the funds .
• Those who pay bills through Bank, like telephone bills, Phone bills etc will face this problem as the payment becomes automatic , if you are busy you have very less time to know about the current status of your checking account this might cause you to pay overdraft fees.

These are the above reasons why people pay overdraft fees, if you are cautiously and well planned you do not have to pay this fees, In business it is really black mark to give a bounced check , be careful with overdraft and protect yourself from overdraft fees.