added 2007 Tue Jan 30 16:22:13 by Karina
Many people don't realize that a carefree swipe of their debit card at a point-of-sale terminal to buy a Big Mac could result in "courtesy overdraft" fee of $30 or more. But such fees are becoming increasingly common. When faced with a transaction that would send a consumers' account into negative territory, banks now regularly approve such transactions, cover the expense, and charge hefty fees.
Many people don't realize that a carefree swipe of their debit card at a point-of-sale terminal to buy a Big Mac could result in "courtesy overdraft" fee of $30 or more. But such fees are becoming increasingly common. When faced with a transaction that would send a consumers' account into negative territory, banks now regularly approve such transactions, cover the expense, and charge hefty fees.
added 2006 Thu Aug 3 16:26:06 by Sheyna
Banks say new rules are a bonus, consumer advocates say otherwise.
Banks say new rules are a bonus, consumer advocates say otherwise.
