Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
ICNNMoneyI Overdraft problems fade after switch to CUs
NEW YORK (9/5/08)--CNNMoney.com staff writer Jessica Dickler says her readers are outraged about overdraft fees. But, she added, a number of readers with overdraft fee problems at banks said their problems disappeared after they switched to a credit union. "Many readers said that their overdraft fee problems went away when they moved their money over to the local credit union," wrote Dickler in "Overdraft outrage: You weigh in," posted Wednesday. She quoted "Hunter" of Brunswick, Maine, who said, "This is one of the reasons I have stopped doing business with banks. All of my accounts are in credit unions. I have found you get better service and very low or no fees on most of the things banks charge big bucks for." Readers criticized the way overdraft fees are calculated. Many have learned the hard way that banks debit checks or charges from largest check to smallest, not from the dates of the checks, said Dickler. As a result, consumers may pay more overdraft fees. In the article, the American Bankers Association encouraged disgruntled customers to switch banks, saying that it was the strongest way to let a bank know how one feels about its policies.
Other Resources

RSS





print
News Now LiveWire
CUNA: CUNA offices closed through Friday, News Now returns Monday http://t.co/a5xbLzQKDj
1 Day ago
Reminder: @CUNA's Madison, D.C. offices will be closed through Friday, open again on Monday. #NewsNow will publish Monday.
14 hours ago
MI dentist to match @CUDirect's $20K to @HurleyMedical as a result of #20for20 online voting http://t.co/hqmIc9LpK1 @CMNHospitals
16 hours ago
New #creditunion chartered in St. Louis - #LutheranFCU - by @TheNCUA http://t.co/faPfANGS0P. Only 3rd new FCU charter this year.
16 hours ago
Don't get hacked during the holidays-use these tips from @CUNA http://t.co/jEqxni6NhO #StoptheDataBreaches http://t.co/woIxPOIyys
16 hours ago