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Archive for September, 2009

Good or Evil – Debit Cards ?

© Norine Peardon, September, 2009

moneygraphic

Unfortunately, banks are aware of the poor spending habits of its customers, and have really sucked people in, thinking a debit card serves them well.  For the record, debit cards can be real evil;  I have not discovered the good!

In the “old days”, banks charged their customers sometimes just a monthly fee on a checking account and sometimes, a fee per check, and sometimes, both.  Slowly, due to competition and needing depositors, “free checking” was incorporated into the banking industry.