- This topic has 0 replies, 1 voice, and was last updated October 27, 2003 at 8:14 am by .
- October 27, 2003 at 8:14 am #250292Guest
— In Budget101_@yahoogroups.com, TLChannel4@w… wrote:
> hi all I have been on the list for sometime now so no newbie but I
have a big
How can I stop this it’s costing us way to much
and what should
> I do? Should I change banks or what?<< Tammy,
Depending on your bank, you Might consider switching. If they
continually charge you fee’s on top of their fee’s for a mistake, or
if they take too long to credit deposits to your account, Switch!
A local bank here does exactly that… they take up to 5 days to
Credit a deposit into your account. It’s extremely frustrating to
make a deposit, think that you are covered, only to find half of the
money disappear as Fee’s and overdraft charges.
Try these tips to keep you updated on your daily transactions and
avoid overdraft fees, or an embarrassing moment at a cash register:
*As you run errands, keep an envelope in your pocket or purse for
any transaction receipts you collect during the day. That night,
record your transactions in a ledger or accounting program.
*If you find yourself using your debit card often, you may want a
bigger ledger than the standard checkbook size. If there’s not
enough room to record all your transactions, you’ll quickly abandon
*If you lose track of your balance you can call your bank’s toll-
free line to get updates on your available funds and recent
transactions. Or, many banks now offer online account summaries that
you can check at work or at home.
If all else fails… Save up $100 that you can keep in your account
(but don’t write it into your checkbook balance) so you always have
a little overdraft protection. You might feel that you can’t afford
to stick $100 away that you can’t use.. but with the amount in fees
that you’ve paid so far in 1 little mistake.. think of how much
money it could potentially save you.
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