Tag Archives: overdraft protection

Rules changing for bank overdraft fees

The changing rules for bank overdraft fees were big enough news that one of my banks gave me a call. The bank wanted to be sure I knew that starting July 1 for new accounts and by Aug. 15 for existing accounts, banks can no longer automatically charge overdraft fees. If I want that protection and the $35-40 charge with it for every incident, I would have to sign up for it. Without that protection when I use a debit card, the charge would simply be declined if there were insufficient funds in the account. Continue reading

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