Debits Cause Divots in Account

Careless debit card use can cost you.

Each year, Americans buy more than $1 trillion in goods and services and pull out their debit cards to pay. In fact, half of Visa’s volume is from debit card purchases.

Last year, banks collected almost $9 billion in overdraft fees on debit cards consumers used. In addition, the steep fees collected from the merchants are being questioned. So watch for changes in your debit card transactions too.

Advertisement

Leave a Reply

Fill in your details below or click an icon to log in:

Gravatar
WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.