I seen this story on GMA the other day and thought it was wonderful news! I did not want to post the video here until I read more about it though. Yup, it is official and many banks are changing the way they charge over-the-limit fees now. This is great news and has been a long time coming. I know a year ago when I had a bunch of over-the-limit fees and bounced checks-this would have really helped me out. This should of happened a long time ago in my honest opinion.
If your bank is not making changes, maybe it’s time to look for a new bank. While I totally and 100% agree that you should not write checks if you don’t have the funds, things happen beyond our control. Besides, I don’t think it is right how they process checks-putting the larger check through first and bounce the 5 little ones after. I know some of us have had that happen…
Watch the video for yourself here…
Tags: banks, overdraft fees
