Debit resequencing – is it legal?

The ‘80s band, Simply Red, sang that “money’s too tight to mention” – which is as true now as it was 30 years ago. Especially with the financial knock of the Covid-19 pandemic, every penny...

Can your bank charge you overdraft fees on pending transactions?

According to a MarketWatch report based on data collected from Moebs Services, consumers pay an estimated $34 billion in overdraft fees every year. Unfortunately, the reality is that banks and financial institutions are racking up much of...

Can your Bank charge you overdraft fees on pending transactions?

When you withdraw money from your bank account and if such amount exceeds the total balance of your bank account, your bank will lay down some fee to cover the cost of such transaction; such...