Comments on: Escape Bank Overdraft Fees Without Overdraft Protection http://bankersaver.com/bank-overdraft-fees-overdraft-protection/ For The Best Bank Rates, Savings Accounts, CD Rates, Bank Deals Wed, 16 May 2012 18:47:10 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: ChrisH http://bankersaver.com/bank-overdraft-fees-overdraft-protection/comment-page-1/#comment-6706 ChrisH Mon, 30 Apr 2012 14:24:25 +0000 http://bankersaver.com/?p=399#comment-6706 First, we have to assume that the targeted customer doesn't have access to primary credit markets. This is because if they did they would most certainly have a line of credit for overdraft protection or a credit card for non-scheduled transactions. 1. Don't put recurring charges on your debit card. This is foolish. In fact, don't use your debit card at all if you can help it. 2. Keep your recurring scheduled debits to a minimum. Yes it's convenient for companies to auto-charge your account, and some even require it. Unless you are absolutely certain that you can cover the charge without overdraft, get the old fashioned paper bill and write a CHECK. 3. Open a secured card for recurring incidental charges 4. Balance your checking account after every transaction. Banks profit by abusing customers who don't have access to credit marfkets, who want to use their debit cards like credit cards, and who don't monitor their spending with debit cards or with ACH electronic transfers. The ABSOLUTELY BEST thing that you can do to limit your risk exposure is to NOT USE your debit card, and to NOT USE your checking account to have funds automatically withdrawn from your account to pay your bills. First, we have to assume that the targeted customer doesn’t have access to primary credit markets. This is because if they did they would most certainly have a line of credit for overdraft protection or a credit card for non-scheduled transactions.

1. Don’t put recurring charges on your debit card. This is foolish. In fact, don’t use your debit card at all if you can help it.
2. Keep your recurring scheduled debits to a minimum. Yes it’s convenient for companies to auto-charge your account, and some even require it. Unless you are absolutely certain that you can cover the charge without overdraft, get the old fashioned paper bill and write a CHECK.
3. Open a secured card for recurring incidental charges
4. Balance your checking account after every transaction.

Banks profit by abusing customers who don’t have access to credit marfkets, who want to use their debit cards like credit cards, and who don’t monitor their spending with debit cards or with ACH electronic transfers.

The ABSOLUTELY BEST thing that you can do to limit your risk exposure is to NOT USE your debit card, and to NOT USE your checking account to have funds automatically withdrawn from your account to pay your bills.

]]> By: Angie http://bankersaver.com/bank-overdraft-fees-overdraft-protection/comment-page-1/#comment-721 Angie Wed, 10 Mar 2010 05:22:15 +0000 http://bankersaver.com/?p=399#comment-721 For once I wish these "escape bank overdraft fees" articles actually offered some helpful information on one upping the banks. Any idiot knows to do all these things, the problem is that in today's America there simply isn't enough money in the majority of Americans' pockets to prevent being overdrafted every now and then, even with all these precautions, and it's because of unfair so-called "overdraft protection" policies that the poor get poorer and the rich get richer. I sincerely hope the banking scumbags enjoy their cold, empty lives that can't be fixed with any amount of money as much as the poor enjoy the poverty inflicted on them by an American government that has forgotten that its sole purpose is to serve the people, not the rich. "Government of the people, by the people, for the people" -Abraham Lincoln, Gettysburg Address For once I wish these “escape bank overdraft fees” articles actually offered some helpful information on one upping the banks. Any idiot knows to do all these things, the problem is that in today’s America there simply isn’t enough money in the majority of Americans’ pockets to prevent being overdrafted every now and then, even with all these precautions, and it’s because of unfair so-called “overdraft protection” policies that the poor get poorer and the rich get richer.

I sincerely hope the banking scumbags enjoy their cold, empty lives that can’t be fixed with any amount of money as much as the poor enjoy the poverty inflicted on them by an American government that has forgotten that its sole purpose is to serve the people, not the rich.

“Government of the people, by the people, for the people”
-Abraham Lincoln, Gettysburg Address

]]> By: Susan Tiner http://bankersaver.com/bank-overdraft-fees-overdraft-protection/comment-page-1/#comment-59 Susan Tiner Thu, 10 Sep 2009 17:38:53 +0000 http://bankersaver.com/?p=399#comment-59 Keeping a minimum buffer in your checking account makes the most sense to me. Keeping a minimum buffer in your checking account makes the most sense to me.

]]>