The news that banks have been able to generate enormous profits by levying overdraft fees on customers surely rankles many — particularly during tax season, and considering that many Americans are still feeling pinched by the effects of the Great Recession.

It doesn’t have to be this way. Many consumers can avoid paying all sorts of banking fees — including overdraft penalties — by following some common sense advice. Where, you ask, can you find these money-saving tips? Surprisingly, you need look no further than the websites of the nation’s biggest banks.

Something everyone needs to know
Managing money is important to everyone, and a subject that is very often the subject of online research. According to the Google Adwords Keyword Tool, the term “personal finance” is searched for more than 200,000 times each month, just here in the U.S. For comparison purposes, the phrase “make more money” generates a mere 60,500 monthly searches.

Where is the best place to find such advice online? After writing about the astounding $32 billion banks made last year from overdraft fees, I decided to take a look at their websites to see if they offered anything helpful regarding personal finance, or made any effort to help customers understand how to manage their accounts more efficiently.

I have to say that I was pleasantly surprised by the amount of information available on the largest banks’ websites, and how easy it was to comprehend. Here is a quick summary of the highlights each bank site offers.

Bank of America
Despite all the vitriol heaped upon this bank by the general public, I was quite impressed with the breadth of information available on its site. Its Money Management page provides consumers with myriad links to subjects such as saving on daily expenses and budgeting, with several pages available to browse. The bank’s Personal Finance 101 gives some very down-to-earth advice on creating a budget, as well as other helpful tips such as how to set up alerts on your credit card accounts so as to avoid going over your limit.

B of A’s overdraft FAQ page is extremely detailed and includes ways to conveniently stay on top of account balances in order to avoid overdrafts. An especially juicy nugget: Beginning in the fall, Bank of America’s ATMs will alert customers when withdrawing money puts an account in danger of triggering an overdraft fee.

JPMorgan Chase
This megabank’s Account Tips page offers several useful articles, from setting up a workable household budget to decreasing debt, and some excellent tips on how to improve your credit score. The Quick Tips section gives several ways to keep an eye on your account balances, including setting up free alerts, whereby the bank will text you when your funds reach a specific level.

Wells Fargo
Wells’ money management tips lay out in a no-frills format exactly how to keep track of

From: http://www.dailyfinance.com/2013/04/13/sick-of-overdraft-fees-your-bank-has-some-tips-for/