Help the economy
| Posted at 4:06 PM | Permalink |
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This page contains a single entry from the blog posted on January 12, 2009 4:06 PM.
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Comments (4)
Send me a copy of the report, please.
The check is in the mail.
Posted by Tom | January 12, 2009 5:46 PM
The old 20 / 80 rule (20% of the account holders produce 80% of the NSF charges) is cited here - I'm (sort of) glad to see that it still applies, as I thought everything in banking was supposedly turning upside down.
I'm also glad to be part of the 80 / 20 segment (the extreme end, that is) - those fees are higher than I thought, but I just wouldn't know.
Posted by John Rettig | January 12, 2009 6:01 PM
A great book on this subject is "Short Changed: Life and Debt in the Fringe Economy" by Howard Karger.
http://is.gd/fCMi
Posted by George Anonymuncule Seldes | January 12, 2009 6:31 PM
I don't get it. If someone writes you a hot check the recipient gets hit with a fee, as well as the hot check writer - even though it makes no sense to try and cash a check you know isn't good.
Yet if you suspect that a check is NSF the bank cannot tell you whether it is good or not so you cannot avoid the NSF fee.
Please comment
Posted by Britt Storkson | January 13, 2009 8:02 AM