We all have been ruined by this overdraft fee for while. Some people argue that banks are trying every tactics to ruin our life, even we don’t have much balance left in our account, they still trying everything to make us poorer. For the bank side argument, they would rather better discipline their customers try not to overspend their available fund on hand. They should know better than this, and it would avoid this overdraft charge.
If you are savvy with your available fund on hand, and you keep good track of your checking account balance, you probably have better idea what you can spend on, and what you can’t spend on while fork over your debit or ATM cards to the cashier. You might know if you overdraw your fund, there is at least $20 – $30 charge on your account. If you over withdraw twice or more, without knowing your fund is depleted, you probably gonna be hit with over $100 fees for no reason.
According to Federal government new rule, the bank should notify its customer the option of overdraft plan is available for them. For this plan, customer won’t be hit with this so – called overdraft fee again in the near future. It is your choice to opt – in or not. Hopefully, we won’t be charged ever again for this unreasonable fee ever again.