Articles Tagged ‘overdraft’

How to Avoid Common Money Fights
Thursday, July 21st, 2011
How to Avoid Common Money FightsFor married and cohabitating couples, money is one of the most common things to fight about. There are just so many different aspects to our finances, and so many different ways of looking at them, that there’s bound to be some friction at some point. This often leads to arguments that put a strain on the relationship, and the anger and hurt feelings are often acted out in ways that lead to even more financial difficulties. While it’s rare for any two people to see completely eye-to-eye when it comes to money, you don’t always have to fight it out....

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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...

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