Debit cards fuel overdraft outrages
Many people don't realize that a carefree swipe of their debit card at a point-of-sale terminal to buy a Big Mac could result in "courtesy overdraft" fee of $30 or more. But such fees are becoming increasingly common. When faced with a transaction that would send a consumers' account into negative territory, banks now regularly approve such transactions, cover the expense, and charge hefty fees.
Tags : debit cards shopping overdraft bank fees interest point of sale news
You will be redirected to Debit cards fuel overdraft outrages, in 20 seconds.