http://nogooddeals.wordpress.com/2008/06/13/overdrafts-and-bounced-checks-a-bad-deal/ This blog is about those deals that were not as advertized Thu, 18 Jun 2009 16:44:17 +0000 http://wordpress.com/ hourly 1 http://nogooddeals.wordpress.com/2008/06/13/overdrafts-and-bounced-checks-a-bad-deal/#comment-56 myckul Fri, 13 Jun 2008 19:23:11 +0000 http://nogooddeals.wordpress.com/?p=103#comment-56 very true... your right, for those who are unaware or not keeping control of their bank accounts overdraft is just another financial hole. very true… your right, for those who are unaware or not keeping control of their bank accounts overdraft is just another financial hole.

]]> http://nogooddeals.wordpress.com/2008/06/13/overdrafts-and-bounced-checks-a-bad-deal/#comment-55 jorgipogi Fri, 13 Jun 2008 17:51:25 +0000 http://nogooddeals.wordpress.com/?p=103#comment-55 Yes. I agree. But, the bottom line is that you have to be on top of overdraft because if it happens repeatedly you still are going to lose. You have to be on top of the automatic payments also. I actually don't like them. I like to pay it on my own. Yes. I agree. But, the bottom line is that you have to be on top of overdraft because if it happens repeatedly you still are going to lose. You have to be on top of the automatic payments also. I actually don’t like them. I like to pay it on my own.

]]> http://nogooddeals.wordpress.com/2008/06/13/overdrafts-and-bounced-checks-a-bad-deal/#comment-54 myckul Fri, 13 Jun 2008 17:27:01 +0000 http://nogooddeals.wordpress.com/?p=103#comment-54 overdraft only kicks in if your "over draft balance" is sufficient enough to cover the amount requested. So it does make sense to have overdraft, what gets charged in interest on the amount used. For example if you have a $20 balance on your checking account and you write a $30 check your overdraft will be charged 10$. Your check gets paid and you avoid a $25 bounced check fee. The interest on the $10 will be about .12 cents. Paying .12 cents is muuuuch better than paying $25 bucks... don't you agree? overdraft only kicks in if your “over draft balance” is sufficient enough to cover the amount requested. So it does make sense to have overdraft, what gets charged in interest on the amount used. For example if you have a $20 balance on your checking account and you write a $30 check your overdraft will be charged 10$. Your check gets paid and you avoid a $25 bounced check fee. The interest on the $10 will be about .12 cents. Paying .12 cents is muuuuch better than paying $25 bucks… don’t you agree?

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