In recent years, most banks started approving, rather than declining, debit and check transactions that exceeded what customers had in their accounts. The banks’ rationale: consumers would rather pay $39-a-pop bounce fees, banks contend, than risk embarrassment at the checkout counter. I don’t know about you, but I would rather have my card declined. [...]
Entries Tagged as 'Debit Card'
Federal Bank Adds New Regulations on Overdraft Fees
November 18th, 2009 · No Comments · Banking
Tags: ATM card·Banking·checking·checking accounts·Debit Card·Federal Reserve·overdraft fees·overdraft legislation·overdraft protection·recurring debit
Your Social Security Check Sent Via Debit Card?
September 10th, 2008 · 10 Comments · Banking, Credit Cards
Social Security recipients can now get monthly payments on a prepaid debit card. If you don’t have a bank account, your days of dealing with paper checks are over, including fees involved like there are with paper checks. The Direct Express Debit MasterCard is being rolled out in all 50 states (the initial roll [...]
Tags: Check Cashing·Comerica Bank·Debit Card·direct deposit·Direct Express·No Fees·Social Security Check
You’re not allow to cancel your debit card at Key Bank
March 25th, 2008 · No Comments · Credit Cards
Key Bank really wants you to have a debit card. In fact, they’ll charge you a small monthly fee to not have one linked to your “free checking” account. We figure that this means Key Bank makes about $12 a year more off of customers who have linked debit cards—and that if you want greater [...]
