Comments on: How New Overdraft Rules will Affect You http://cashmoneylife.com/new-overdraft-rules/ Money Management, Small Business, Career Thu, 09 Feb 2012 19:08:34 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Len Penzo http://cashmoneylife.com/new-overdraft-rules/#comment-24336 Len Penzo Fri, 02 Jul 2010 17:55:03 +0000 http://cashmoneylife.com/?p=2504#comment-24336 Nice article, Miranda! I've always thought the bank's overdraft "protection" service was a scam that preyed on financially irresponsible people. Compounding the problem is that those folk usually fail to learn from their overdraft mistakes, and so they are continually hit with those bank penalties. That being said, I think it is a valuable service for those of us who ARE responsible and properly manage their personal finances. All the best, Len Len Penzo dot Com Nice article, Miranda! I’ve always thought the bank’s overdraft “protection” service was a scam that preyed on financially irresponsible people. Compounding the problem is that those folk usually fail to learn from their overdraft mistakes, and so they are continually hit with those bank penalties.

That being said, I think it is a valuable service for those of us who ARE responsible and properly manage their personal finances.

All the best,

Len
Len Penzo dot Com

]]> By: basicmoneytips http://cashmoneylife.com/new-overdraft-rules/#comment-24330 basicmoneytips Fri, 02 Jul 2010 11:02:13 +0000 http://cashmoneylife.com/?p=2504#comment-24330 I work in the software industry so I have seen these changes go in firsthand. If you are not a regular balancer of your checkbook, I would probably opt out of the charges. Banks can no longer charge fees as they previously did, so they are going to be more aggressive with the fees they will charge. Personally I would rather be declined if I do not have the cash in my account. I work in the software industry so I have seen these changes go in firsthand. If you are not a regular balancer of your checkbook, I would probably opt out of the charges. Banks can no longer charge fees as they previously did, so they are going to be more aggressive with the fees they will charge. Personally I would rather be declined if I do not have the cash in my account.

]]>