On July  1, 2010 the banking industry made changes to the use of debit cards.

Customers were given a choice to allow the bank to charge overdrafts when funds are not available in their account when using their debt card.  The other option was to opt out of being charged overdraft charges when using their debt card.  The transaction would be denied just like a credit card.

To avoid having overdrafts you can go back to your bank and opt out of overdraft coverage on your debit card.  Banks are now limited to the number of fees they can now charge for overdrafts in one day associated with the debit card.  

Some of my clients have confessed to using their debit card like they do a credit card.  You must remember that the funds need to be available when you make your purchases to avoid any fees.

I know that we like to never leave home without the card in our purse or wallet.  However, when you have trouble keeping up with your debit card transactions leave your debit card at home.    

Be sure to write down all your debit card transactions in your check registry.   By writing all your transactions in your registry you can keep your checkbook balanced.  Looking at your account online is not the same as physically balancing your bank account.

To get a copy of my new book click www.sexliesandcredit.com.

Miss Rene'