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I would eliminate overdraft fees on DEBIT accounts.
by zackattack 17y ago
I would eliminate overdraft fees on DEBIT accounts.
- vaporstun 17y agoThere is a law going into effect July 2010 which requires banks to ask you whether you want to be in the overdraft program. If you decide not to be in it, your debit card will simply be denied at the point of sale. If you elect to be in it, you will be allowed to overdraft your account, but will be charged a fee like now. http://money.cnn.com/2009/11/12/news/economy/overdraft_fees/index.htm?cnn=yes http://money.cnn.com/2009/11/12/news/economy/overdraft_fees/...
- wmf 17y agoIt does seem odd that almost anyone can get a no-fee credit card but it's hard to find a no-fee overdraft line of credit.
- philwelch 17y agoING Direct and US Bank both have no-fee overdraft lines of credit.
- mahmud 17y agoI left Bank of America for that. It charged me $90 for over draft fees on my checking account for 3 cups of coffee, when I had a savings account linked to it with 5k in it. Perplexing. I couldn't even stay on the phone long enough to hear their ridiculous explanation.