Originally Posted by
TechWun
Warning != Rant
And I have questioned several banks in my area about the overdraft fees and none of them come in under 30 bucks a hit. This information is a few years old but they were banks like PNC, National City, etc. Not small chains or stand alone banks. It is also common knowledge (and recently acknowledged in a news article) that banks usually slip the overdraft protection under your nose when you sign up for your checking account without ever mentioning the consequences of your overdrafts OR the option to refuse the protection.
The CR account you mention is not part of the issue and was never even mentioned.
- Matt
What do you consider overdraft protection then? In my eyes you are not being protected if you are being charged the full amount. Unless the customer isnt paying attention, every bank gives them a form, and a disclosure booklet at each account opening.