Daily Show Awesomeness- Overdrafts
By Consumers Union on Tuesday, August 25th, 2009
Wait for it… it is about 2 minutes in…
|The Daily Show With Jon Stewart||Mon – Thurs 11p / 10c|
|Good News/Bad News – America’s Recession|
Most banks automatically cover your transactions when you don’t have enough money in the bank, and charge you astronomical fees for this service. These overdraft programs are really just high-cost, short-term loans with quadruple digit APR rates. Consumers Union thinks that consumers should be able to sign up for these programs before being charged any fees, because there are often much cheaper options for covering overdrafts.
Sick of Overdrafts? Yeah so are we. Go here to learn more and take action