Comments on: Chase, Bank of America Overhaul Overdraft Programs

By: Not and idiot

Not and idiot — Tue, 22 Nov 2011 06:11:07 +0000

How about you just don’t be an idiot and keep enough money in your account. I don’t care if the bank runs the largest transaction first, the smallest, or which they run first. I keep enough money in my account to cover the freaking checks I write. Period. Or I don’t write a check.

By: john

john — Mon, 09 May 2011 14:49:55 +0000

20% is not reasonable unless you have poor credit..

By: ENOGUH

ENOGUH — Fri, 30 Oct 2009 02:35:12 +0000

after I called them and raised holy heck they threw her a bone and returned $400 bucks how nice

By: ENOGUH

ENOGUH — Fri, 30 Oct 2009 02:32:38 +0000

try TCF ( T he C ustomer F irst ) bank. LOL they got my wifes account for 1,072 in overdraft fees in 30 days. they charged her overdrafts on her overdrafts lol i watched her burn all her leftover checks and debit card. LOL this is who they screw T he C ustomer F irst

By: daemondust

daemondust — Sat, 03 Oct 2009 23:27:50 +0000

My credit union is generally pretty lenient. Overdraft is a small fee (I think it’s $1 right now) and reasonable interest charges for the amount loaned. It’s around 20%, so high enough that you want to pay it back as soon as you can, but not so high you can’t get out of the hole.

They also don’t re-order charges to run biggest to smallest debits before any credits. They post them as they come in, sometimes re-ordering credits before debits.

I love the way ING Direct handled it when I opened my accounts there too. Pretty much the same as my credit union, but I took them up on the NO overdraft option since I won’t be using it and would rather have a charge declined than have to pay interest. I have credit cards if I NEED something and don’t have the money on hand.

By: eric

eric — Wed, 30 Sep 2009 22:31:55 +0000

“Consumer friendly”….nice try.

By: Ibrahim | ZenCollegeLife.com

Ibrahim | ZenCollegeLife.com — Wed, 30 Sep 2009 00:33:40 +0000

This is pretty great. I always found it terrible that banks kick you when you’re down (overdrafts…).

By: Tim

Tim — Tue, 29 Sep 2009 16:22:10 +0000

it would be better if people just didn’t overdraft their account too

By: Kristen from FiLife

Kristen from FiLife — Tue, 29 Sep 2009 16:21:52 +0000

finally! Personal finance writers have grumbled and complained about overdraft policies for years.

By: J. Crane

J. Crane — Tue, 29 Sep 2009 16:21:10 +0000

i guess something is better than nothing, banks don’t profit from beind nice. that’s why i always use a credit union.