Comments on: Editorial: Personal Responsibility Still Matters in the Post Overdraft Reform World http://www.americanbankingnews.com/2009/10/26/editorial-personal-responsibility-still-matters-in-the-post-overdraft-reform-world/ News and Information about Banks, Credit Unions and Financial Institutions Fri, 19 Mar 2010 14:37:50 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: thecronk http://www.americanbankingnews.com/2009/10/26/editorial-personal-responsibility-still-matters-in-the-post-overdraft-reform-world/comment-page-1/#comment-1139 thecronk Mon, 26 Oct 2009 15:34:58 +0000 http://www.americanbankingnews.com/?p=2000#comment-1139 Hahaha, how many people in this "jobless recovery" can afford to keep a $50 cushion, let alone a $500 cushion?? The banks love to drone on and on about personal responsibility. Ok, check your account with a teller, on the phone, at an ATM, and online, and you're liable to get four different answers, each with the disclaimer that "your actual balance may vary, so don't blame the bank when you get hit with overdraft fees." Transactions that generate fees are cleared in nanoseconds, transactions that prevent fees are cleared several business days later. Then there are the indefinite holds of unknown amounts that hotels, gas stations, online merchants, etc. use to validate your cards.<br><br>Want to talk personal responsibility?? Ok. (1) Give us the option to opt in OR opt out of overdraft "protection," (2) provide us easy access to actual, reliable balance information; and (3) process ALL our transactions in chronological order. THEN let's talk personal responsibility. Hahaha, how many people in this “jobless recovery” can afford to keep a $50 cushion, let alone a $500 cushion?? The banks love to drone on and on about personal responsibility. Ok, check your account with a teller, on the phone, at an ATM, and online, and you're liable to get four different answers, each with the disclaimer that “your actual balance may vary, so don't blame the bank when you get hit with overdraft fees.” Transactions that generate fees are cleared in nanoseconds, transactions that prevent fees are cleared several business days later. Then there are the indefinite holds of unknown amounts that hotels, gas stations, online merchants, etc. use to validate your cards.

Want to talk personal responsibility?? Ok. (1) Give us the option to opt in OR opt out of overdraft “protection,” (2) provide us easy access to actual, reliable balance information; and (3) process ALL our transactions in chronological order. THEN let's talk personal responsibility.

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