Wash. Post/Kiplinger's: Avoid overdraft fees, bank at a CU
WASHINGTON (10/7/09)--Consumers should bank at a credit union to avoid costly overdraft fees, said a personal finance columnist for Kiplinger's, whose column was reprinted in The Washington Post Sunday.
In a column titled "Three Ways to Avoid Overdraft Fees," Joan Goldwasser tells readers that one way is to "bank at a credit union or small bank."
Goldwasser writes: "'Credit unions have the lowest fees and require the lowest balances,' says Ed Mierzwinski of the consumer advocacy group U.S. PIRG. And small community banks make it easier to decline overdraft protection. If your bank doesn't let you opt out, find one that does."
To read the column, use the link.
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