Comments on: How do you deal with overdraft fees? http://mindyourdecisions.com/blog/2008/08/14/how-do-you-deal-with-overdraft-fees/ Articles on game theory and personal finance Sun, 20 May 2012 23:31:00 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Presh Talwalkar http://mindyourdecisions.com/blog/2008/08/14/how-do-you-deal-with-overdraft-fees/comment-page-1/#comment-2379 Presh Talwalkar Fri, 22 Aug 2008 06:09:41 +0000 http://mindyourdecisions.com/blog/?p=494#comment-2379 <b><em>Michael</b></em>: I appreciate the compliment to my site. It's comments like this that make it all worthwhile. Part of the problem is we have so many transactions nowadays too. I know people with so many auto transfers they have no idea what they are actually taking home from work! Simplicity and a little bit of diligence helps out a lot. Michael:
I appreciate the compliment to my site. It’s comments like this that make it all worthwhile.

Part of the problem is we have so many transactions nowadays too. I know people with so many auto transfers they have no idea what they are actually taking home from work! Simplicity and a little bit of diligence helps out a lot.

]]> By: Michael http://mindyourdecisions.com/blog/2008/08/14/how-do-you-deal-with-overdraft-fees/comment-page-1/#comment-2363 Michael Thu, 21 Aug 2008 18:17:21 +0000 http://mindyourdecisions.com/blog/?p=494#comment-2363 My mom works for Wells Fargo, so if I overdraft I call her and she takes care of it. It's only happened once because I'm usually pretty good about checking and making sure I have more than enough, but at one point an annual fee for rewards overdrew my account, and slapped a $33 fee on me. Called her, she called the phone bank, and they waived it, since I'd had the account for two years with no problems. But due to the astoundingly high fee I could've had, I signed up for overdraft protection, which is nice, so long as I have money in my savings account (Sadly, I don't always). By the way, this is my first comment. I stumbled upon this site. Seems pretty informative and I love the design. So jealous. Keep up the good writing. My mom works for Wells Fargo, so if I overdraft I call her and she takes care of it. It’s only happened once because I’m usually pretty good about checking and making sure I have more than enough, but at one point an annual fee for rewards overdrew my account, and slapped a $33 fee on me.

Called her, she called the phone bank, and they waived it, since I’d had the account for two years with no problems.

But due to the astoundingly high fee I could’ve had, I signed up for overdraft protection, which is nice, so long as I have money in my savings account (Sadly, I don’t always).

By the way, this is my first comment. I stumbled upon this site. Seems pretty informative and I love the design. So jealous. Keep up the good writing.

]]> By: Presh Talwalkar http://mindyourdecisions.com/blog/2008/08/14/how-do-you-deal-with-overdraft-fees/comment-page-1/#comment-2318 Presh Talwalkar Fri, 15 Aug 2008 05:58:32 +0000 http://mindyourdecisions.com/blog/?p=494#comment-2318 <b><em>Joe P</b></em>: Wow, that must have been annoying with many checks bouncing at once. Great to hear you got that waived. It's amazing how banks can be nice once in a while. Joe P:
Wow, that must have been annoying with many checks bouncing at once. Great to hear you got that waived. It’s amazing how banks can be nice once in a while.

]]> By: Joe P http://mindyourdecisions.com/blog/2008/08/14/how-do-you-deal-with-overdraft-fees/comment-page-1/#comment-2316 Joe P Thu, 14 Aug 2008 12:47:13 +0000 http://mindyourdecisions.com/blog/?p=494#comment-2316 Just to confirm your article - One time, in a rush (I hadn't read your previous article yet!), I accidentally made a transfer to my ING account instead of the other way around, which left me exposed to overdraft on some checks I had written. When I discovered the mistake, I realized that Chase had charged me a $50 fee. I called, explained the situation, and the fee was cancelled. I was happy not to be charged $50, and the bank was happy to get some good will leverage/loyalty buy in from me. It was a win-win. Just to confirm your article – One time, in a rush (I hadn’t read your previous article yet!), I accidentally made a transfer to my ING account instead of the other way around, which left me exposed to overdraft on some checks I had written. When I discovered the mistake, I realized that Chase had charged me a $50 fee. I called, explained the situation, and the fee was cancelled. I was happy not to be charged $50, and the bank was happy to get some good will leverage/loyalty buy in from me. It was a win-win.

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