In spite of increased regulation, overdraft revenue is on the rise

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  • NedGrimley Brigham City, UT
    Sept. 27, 2012 2:32 p.m.

    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.

  • RedShirt USS Enterprise, UT
    Sept. 27, 2012 12:18 p.m.

    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.

  • Tolstoy salt lake, UT
    Sept. 26, 2012 6:16 p.m.

    "letting the economy recover?" by deregulating the banks so they can push up fees again maybe?

  • lost in DC West Jordan, UT
    Sept. 26, 2012 5:06 p.m.

    maybe the reason people continue to overdraw their accounts is because BO has done such a horrible job letting the economy recover.

  • sally Kearns, UT
    Sept. 26, 2012 2:40 p.m.

    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.

  • NedGrimley Brigham City, UT
    Sept. 26, 2012 2:36 p.m.

    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.