I was also more than a bit annoyed how, if my account didn't have enough money in it to cover a transaction, they'd let it go through, only to catch me with an overdraft fee of $30 plus. Admittedly, those instances were my fault for not keeping better track of my own money, still, why did they keep letting them go through? Obviously, because the overdraft/insufficient funds fees they charged are all profit for them.
I don't believe in trying to insist a bank change their policies just because I wasn't keeping track of my own funds correctly. I'm a firm believer in taking my business elsewhere, if I'm not happy. But all banks were ever so glad to let an overdraft transaction occur. Of course they were. It's where a big chunk of their earnings came from. I understand. I just really hated how all banks were the same about it. There seemed to be no bank which would decline a transaction for insufficient funds which didn't also charge a fee for that, too. Then, along came the Internet, and with it, some real competition.
Not only does the bank I use now not play that silly game of letting me hose myself by spending more than I have, they don't charge any fee other than their standard $9.95 per month – flat. No overdraft fees. No insufficient funds charges. No hidden fees. Plain and simple.
If I do happen to use an ATM which isn't part of their network, there is a fee for doing so, and it's based on what the owner of that terminal sets. But that's easily avoided by doing cash back with merchants, instead. At least I get something for what I spend to do cash back that way. AccountNow not only treats me better than any other bank I've ever used, their employees are actually courteous and friendly. That's always a nice treat.
Not only these things, but if you do give AccountNow a try, they'll send you a $10 bonus with the first funding of your account. (Wait until you see what they offer for setting up direct deposit.) You can do that with direct deposit, PayPal and even one of those “GreenDot” cards. Very user-friendly. You won't even go through a ChexSystems screening. They're also major sponsors of this blog. If you're not happy with your current banking relationship, I hope you give them a try.
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