Comments on Hillerie Camille: Breaking News: Bank Overdraft Fees End Sunday

Now I hate to be the devil's advocate, but as ...

2010-09-01T18:46:35.996-07:00

Now I hate to be the devil's advocate, but as a person who used to work for a credit union, I must say that this is very informative and you should definitely inform the masses. Basically put, most ppl did not know that financial institutions could charge you an overdraft fee for spending more than what is in your account.

While that is seen as slick in some eyes, it's quite reasonable...when you spend money that is not in your account you are basically taking someone else's money. So even if it a $1 hamburger or $1 fry...if you don't have it, don't spend it! check your account constantly and keep a register of your spending. If you were at McDonalds and were a few dollars short, you wouldn't expect that some stranger will cover for you, so why do you think that the bank should? You'd be floored at how many people overdraft their accounts (constantly).

Simply stated, we as consumers need to take a bit more ownership of our spending and keep track of how much money we're working with. Won't have to worry about overdrafts if we become a bit more responsible!

G, you're right. The banks are slick. They d...

2010-08-16T12:11:01.847-07:00

G, you're right. The banks are slick. They don't process the transactions in the order you purchase, they process the largest transactions first. That's why we get "taxed" for that pack of gum.

I, too, found this article very informative. I...

2010-08-16T11:57:27.337-07:00

I, too, found this article very informative. I'm personally sitting on the fence about this. On one hand, I think I would rather prefer to get the "Declined" message than to be hit over the head with overdraft fees! But then again, I do think that the banks will find another way to tax consumers for having "Insufficient funds". For those of us that pay bills online, we all know that there is a lag between when you actually click the button to pay your bills and when the money is transferred. So you may think that the money is in the bank, and then five days later realize that the bill posted at 11:59 pm Thursday night RIGHT BEFORE your paycheck directly deposited into your account at Midnight! **LOL** I know I'm being dramatic, but these are the things that I think about after falling victim to ridiculous overdraft charges.

readinghaspurpose. You are so right, that's w...

2010-08-14T14:07:21.821-07:00

readinghaspurpose. You are so right, that's why I wanted to tell everyone about this. Thanks for reading!!!

This link was very informative. I didn't reali...

2010-08-14T07:34:02.500-07:00

This link was very informative. I didn't realize that this had been implemented. Maybe it will force some people to change their spending habits - actually learn how to balance a checkbook. I would like to think folks won't be so quick to swipe if the risk is getting your card handed back to you and having to walk away with your items still on the counter!

Please twitter this link and share it on facebook,...

2010-08-13T16:17:17.587-07:00

Please twitter this link and share it on facebook, so we can inform our folks.