How I Got Hit With an Overdraft Fee After Opting Out of Overdraft Protection

NEW YORK (MainStreet) -- Here's a lesson I learned the hard way: You can still be hit with an overdraft fee even after you've opted out of overdraft protection if you've linked recurring debit card charges, such as a monthly bill or a magazine subscription, to your checking account.

I learned of this policy recently when Wells Fargo(WFC) hit me with a $35 fee after covering my $11 gym membership to Planet Fitness, which was linked to a debit card account I am in the process of closing (hence, the lack of funds).

A monthly gym membership fee linked to a debit card is exactly the kind of recurring charge that could get you an overdraft fee even after you've opted out of overdraft protection.