Adios, Overdraft Fees! (Well, Kinda)

Ever have $ 24.82 in your account and you write a check for $25.00?  Yes, the proverbial writing checks your …bank account… can’t cash.  That was me in college.  Not on purpose of course!  I was usually just hoping/wishing/praying that my paycheck would beat the check I had just written to the bank.  That didn’t work [...]

New Rules To Protect Against Overdraft Fees

Starting today, you’ve got more protection against God-awful overdraft fees.  Overdraft occurs when you write a check, make an ATM transaction, use your debit card to make a purchase, or make an automatic bill payment or other electronic payment for an amount greater than the balance in your checking account. Banks can charge anywhere from [...]

Relief from ATM and Overdraft Fees

The Federal Reserve Board recently announced updated rules to protect consumers against predatory ATM and overdraft fees by banks. The Wall Street Journal reports: The Fed’s policy requires customers to opt in to “overdraft protection” programs, meaning they would have to agree to pay a fee any time they overdraw their accounts at automated-teller machines [...]