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Thanks for posting the link to the video. People have to see that MONEY IS AN INSTRUMENT OF DEBT. Here is a novel idea- do away with interest. I wonder what our society would be like if people lived within their means and if there was no interest payments on monies advanced for credit. In lieu of interest, banks could charge a set flat rate as a percentage of the transaction. In the Muslim world this concept underlies sharia banking, but to my knowledge sharia hasn't been able to be fairly implemented for various reasons. The truth is that fractional reserve banking is inherently wrong because banks can loan money out THAT IS NOT EVEN IN THEIR POSSESSION, then if you default, THEY'LL SUE YOU FOR MONEY THEY NEVER HAD! That is nonsensical but true. And compound interest requires more money to be printed up by the FED, thereby increasing the money supply but reducing its value and inflating the cost of the necessities of life.

Sounds like you did not read any of the articles which I posted. It's not about the consumer overdrafting their account. Forget this, will you? It's not the issue. The issue is that the bank, in good faith, can set the system up to inform the consumer about the POS options of overdraft or no overdraft. But, they choose not to because they would not make as much money on the deal.