Have you ever used an app like Cash App, Zelle, PayPal or Venmo to transfer money to friends and family? Apps like these make it convenient for things like splitting the bill at a restaurant or even paying your rent. You can simply go into the app and after a few taps, the payment is sent. The person on the other end can receive the payment almost immediately, but it can sometimes take days for the funds to be taken out of your checking account.

There are also services like Afterpay or Klarna that can help make your favorite purchases more affordable. They provide you with the option to make monthly or weekly payments rather than paying the total up front so you can purchase the things you want when you want them.

These apps and services can be great financial tools, yet without managing the money in your bank account, you might start seeing overdraft fees as a result of using them.

Many times, it can take a few days for the transactions to finish processing and these apps/services won’t let you know they’re taking the money out of your account beforehand.

You may just assume that because the person you sent the funds to has already received them, that the transaction has cleared your account, but often, this is not the case. It is your job to keep track of the transactions so you don’t receive any overdraft fees.

Here are some helpful options that can help you do that and avoid associated fees:

• Log in to Extra Credit Union's eBanking or the eBanking App to check your ECU account regularly and keep an eye on your balance. Be sure to account for transactions you have made that may still be on hold or haven’t cleared your account yet.
• Use a checkbook register and keep track of all your transactions and balances.
• Use an electronic or online checkbook register. You can find all sorts of them with a Google search or by searching in the App Store or Google Play.
• Create your own template or use Excel to manage transactions each month.

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