Posts under ‘Blog’
Explanation of New Overdraft Opt-In Rule
This brief video does a good job of explaining the change mandated for all Banks for checking account customers.
Eastwood Bank.
Banks’ overdraft ‘opt-ins’ are not all alike | Teresa McUsic
If your checking account balance sometimes dips uncomfortably low, Aug. 15 could be an especially important day for you.That’s when a new rule by the Federal Reserve goes into effect requiring banks to decline a debit-card transaction if there’s not enough money in the account to cover it. The only exception is for bank customers [...]
Payday Loans Sometimes Better Than Checking Account Overdraft | Damego
Next day you happen to log in to your bank account and OMG… it says minus $32. You thought you still had some cash in there. What the heck happened? Then you realize that the last trip to your grocery store was more than the bank account could bear. You thought that there were about [...]