OR, you can balance your budget and check book, live within your means and not
pay returned check or overdraft protection fees... Whoa, what a concept.
To "Tolstoy" why not, if you don't like your bank's fees, as
was pointed out, you can always go to a credit union where the fees are
lower.You complain about banks raising fees, but did you know that
they are doing the exact same thing that government does with taxes? They are
influencing our behavior using fees (taxes) as incentives or disincentives.
Banks don't like overdrawn accounts because checking accounts are not lines
of credit. If you wanted a line of credit use your credit card.
@lost"letting the economy recover?" by deregulating the banks so
they can push up fees again maybe?
maybe the reason people continue to overdraw their accounts is because BO has
done such a horrible job letting the economy recover.
And those who work at call centers at banks are sworn at, screamed at,
manipulated, etc. to have those fines removed. You would think with computers,
one could keep track of their finances. One trick I have learned is if you talk
to a manager at the call center they do most of the reversing of charges. The
first person you call will probably not reverse the charges. Just push it up
the ladder of managers.
The intriguing point here is that people continue to make use of overdrafts, and
pay the price, willingly. Take the option away, and they scream. It has become a
way of life that many are comfortable with.