To be or not to be….
August 18, 2008 | alternatives, industry | Comments (0)that’s not really the question. The question is “Debit or Credit?” This passage caught our eye:
Debit cards also impose steep fees. And as more shoppers use debit cards for small-dollar transactions such as coffee and milk, banks are making it easier for consumers to trigger these fees. A few years ago, most banks denied a debit card purchase if you had insufficient funds. Not anymore. Today, most banks will approve even the smallest debit card purchase – then hit you with a fee of $35 or more.
If you’re going to use a debit card, sign up for low-cost overdraft protection. It will transfer money from your savings to your checking account if you overdraw.
But what if you don’t have the money in your savings account?
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