But why write a check if you know you don't have the funds ?
Whats so hard about balancing your account ?
Whats so hard about balancing your account ?
Overdraft protection -- why all the hoopla?
- Thread starter Benzadmiral
- Start date
- Status
Originally Posted By: LT4 Vette
But why write a check if you know you don't have the funds ?
Whats so hard about balancing your account ?
The problem was my wife may write a big check without telling so that I did not transfer from saving account to checking account to cover that check. If I don't have over-draft protection, I would be charged for return check by the credit union and the party my wife wrote the check to, which can be as much as $50 or more. Which do you rather have $2 fee for over-draft protection or $50 fee for return check ? Also, it doesn't cost me anything if I never use it, what to loose ? On average I paid this $2 fee about twice a year for the last 10+ years.
But why write a check if you know you don't have the funds ?
Whats so hard about balancing your account ?
The problem was my wife may write a big check without telling so that I did not transfer from saving account to checking account to cover that check. If I don't have over-draft protection, I would be charged for return check by the credit union and the party my wife wrote the check to, which can be as much as $50 or more. Which do you rather have $2 fee for over-draft protection or $50 fee for return check ? Also, it doesn't cost me anything if I never use it, what to loose ? On average I paid this $2 fee about twice a year for the last 10+ years.
Some new Gubmint regulation.
You now have to "OPT-IN" for overdraft protection.
http://genxfinance.com/2010/02/22/credit...mit-protection/
You now have to "OPT-IN" for overdraft protection.
http://genxfinance.com/2010/02/22/credit...mit-protection/
- Status
Similar threads
- Sticky
