Say Goodbye to Overdraft Fees
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Categories: Education, Loans and Financing Tags: balancing the checkbook, checking account, finances
You're right. Fee income is very important to banks and overdraft fees are the #1 fee income generator. They even manipulate the payment system to make sure they get the most out of you that they can.
It's disgusting how banks take advantage of customers. They offer free checking but know that you will overdraw your account and pay a ton in fees at some point.
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[...] Professional Finance Article Site: On this site, you can find all the related finance articles. You … wrote an interesting post today onHere’s a quick excerpt Unless your checking account is in order and you are already in the habit of reconciling the balance regularly, you need to review this section. Not so many years ago, all checks were paper, and the chore of balancing the checkbook was more difficult than it is today. Now, many people use computer programs, such as Quicken, to help them balance their checking accounts, and that may be an idea for you to consider. Keeping your checking account in order is a good idea, whether you routinely writ [...]