Tag Archives: overdraft fees

What You Need to Know About the New Overdraft Laws

July 2, 2010 – 1:36 pm

A new set of Federal Reserve rules went into effect yesterday that now require banks to get your permission before you’re enrolled in overdraft protection. Before, your bank could enroll you without notice in an overdraft plan that would process the transaction but hit you with a fee for every ATM, check, and debit card [...]

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Could New Banking Rules Spell the End of Free Checking?

June 18, 2010 – 3:34 pm

The Wall Street Journal took a fascinating look this week at how new banking regulations that were designed to protect consumers may instead lead to more fees: Bank of America Corp. and other banks are preparing new fees on basic banking services as they try to replace revenue lost to regulatory rules, in a push that [...]

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Tuesday Top 5: Dumb Banking Mistakes to Avoid

January 19, 2010 – 6:52 pm

Welcome to this week’s edition of our Tuesday Top 5, Econ4U’s weekly tips post to help you manage your money in five easy steps. Have you broken your New Year’s financial resolutions yet? If so, today’s edition will help you get back on track by pointing out the most common banking mistakes people make — and [...]

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Shoppers Accidentally Charged Double on Black Friday

December 4, 2009 – 2:29 pm

A growing number of Toys “R” Us shoppers on the East Coast have come forward to say that in the scrum of Black Friday sales, the toy retailer charged them twice by accident. Sales errors have been reported in New York, Florida, and Georgia, with more complaints coming in as consumers check their statements, but Toys [...]

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How Much Are You Paying To Be Lazy?

June 24, 2009 – 3:17 pm

Especially in times like these, everyone’s looking for ways to save money. Daniel Adler at Forbes.com has an excellent feature identifying seven ways being lazy may be costing you money, and how little changes can make for big savings. My personal favorite, and possibly the most expensive of the seven: Not Opening a Retirement Fund [...]

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My Checking Account Costs $119.40?

April 22, 2009 – 4:24 pm

You know those “Important Notices” you get in the mail from your bank and credit card companies? The ones filled with 25 pages of indecipherable fine print? Well, it turns out that sometimes there’s actually important information mixed in with all the legalese. At least if you want to avoid paying $119.40 in annual fees. [...]

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How to protect yourself from bank overdraft fees

March 5, 2009 – 4:21 pm
Posted in Personal Finance | Comments (1)