Debits Cause Divots in Account

By moneygodmother

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.