It is not saying that person should not pay for an overdraft. The fee for an overdraft was 25 or 35 dollars per item. What I was saying is that the banks should not be able to charge you 25 or 35 dollars per day for the SAME overdraft. Let's say you have 1 overdraft of 25.00 that you made on Sunday. You don't get paid until the following Friday. In the mean time on your 25.00 overdraft, you are charged 25.00 per day..not just 25.00. That to me is stealing and I don't care how you cut it. It is ripping off the people who can least afford it.
Published: August 5, 2008, 5:53 pm