Comments on: Stopping those crazy overdraft fees http://fearlessmoney.com/2006/stopping-those-crazy-overdraft-fees.html Fearlessly building wealth and prosperity. Sun, 07 Mar 2010 08:26:20 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Bruce http://fearlessmoney.com/2006/stopping-those-crazy-overdraft-fees.html/comment-page-1#comment-5716 Bruce Fri, 02 Feb 2007 19:41:55 +0000 http://fearlessmoney.com/2006/stopping-those-crazy-overdraft-fees.html#comment-5716 Doug, I agree, but the way I've seen it usually work is that a "chunk" of money gets auto-loaned to you, often the nearest $100 more than you need. So, if you are overdrawing three checks: $40 $15 $10 Your fee would be $10, you'd have taken a loan for $100, and you'd have $35 left to cover any other overdraws. The best solution is obviously to stop being lazy (or in my case, fearful) with your money. Doug, I agree, but the way I’ve seen it usually work is that a “chunk” of money gets auto-loaned to you, often the nearest $100 more than you need.

So, if you are overdrawing three checks:
$40
$15
$10

Your fee would be $10, you’d have taken a loan for $100, and you’d have $35 left to cover any other overdraws.

The best solution is obviously to stop being lazy (or in my case, fearful) with your money.

]]> By: Doug G http://fearlessmoney.com/2006/stopping-those-crazy-overdraft-fees.html/comment-page-1#comment-5715 Doug G Fri, 02 Feb 2007 19:25:44 +0000 http://fearlessmoney.com/2006/stopping-those-crazy-overdraft-fees.html#comment-5715 Some banks do charge a fee every time you use your overdraft protection. This fee might be $10, as opposed to a normal overdraft fee of $39. The bank is going to get you either way if you are too lazy or whatever to keep track of your balance. Some banks do charge a fee every time you use your overdraft protection. This fee might be $10, as opposed to a normal overdraft fee of $39. The bank is going to get you either way if you are too lazy or whatever to keep track of your balance.

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