Articles Tagged ‘ATM’
Debit Card Mistakes and How to Avoid Them
Saturday, April 9th, 2011
Debit cards are handy little pieces of plastic. They give us easy access to the funds in our checking and savings accounts. They’re as simple to use as credit cards, but they don’t come with monthly payments or require us to pay interest. And if we need quick cash, we can get it from an ATM 24 hours a day, 7 days a week.
But just like credit cards, debit cards can cost us money if we do not use them properly. There are numerous mistakes that can be made that may result in unnecessary headaches and expenses.
Here is...
How to Make the Most of Your Checking Account
Sunday, February 13th, 2011
For many of us, the basic checking account is the backbone of our personal financial system. We generally deposit our paychecks into our checking accounts, pay our bills from the checking account and use our checking accounts as a short term (and sometimes not so short term) place to safely store our money.
Getting the most of your checking account can help you avoid unnecessary fees, unexpected expenses and help you manage your daily finances better.
Making the best of your checking account also means you’ll have a better grasp of your finances and will be able to respond quickly and...
New Rules for Debit and ATM Cards
Monday, September 13th, 2010
Good news for consumers! Earlier this summer a number of new rules on what banks can charge for overdraft protection went into effect. Previously banks automatically provided overdraft protection to consumers who make ATM withdrawals or one-time debit card transactions that caused their accounts to become overdrawn. However, such coverage often incurred a fee of $35 or more. As a result, consumers paid an estimated $38 billion in overdraft fees in 2009.
The new Federal Reserve rules prohibit banks from charging consumer fees for paying overdrafts on ATM and one-time debit card transactions, unless a consumer opts-in to the overdraft...