Banks circumventing the new laws
As banks lick their wounds and try to increase profits after legislation that makes them act more reasonably, here are some tricks to watch out for according to Marketplace: They will encourage you to press the credit button when using your bank/debit card; this costs retailers more money. Use debit instead. They will call you and push you to sign up for overdraft protection, that worthless feature that will make your $5 latte cost an additional $33 or $39. Don’t drink the cool-aid, opt-out of overdraft protection. If your checking account is out of money, use your credit card, or better yet, stop spending.
Fees & charges | admin March 2, 2010
