Say goodbye to those nasty surprise overdraft fees.
Federal Reserve rules that take effect Sunday ban banks from automatically enrolling customers in overdraft protection when making debit purchases or withdrawing money from ATMs.
While banks worried about losing revenue have been aggressively promoting “opt-in” overdraft plans, many customers are choosing to risk having their card declined rather than face a $35 overdraft fee.
But being unable to pay for your purchases can not only be embarrassing, it can sometimes deprive you of basic needs.
FULL STORY: http://money.cnn.com/2010/08/12/pf/overdraft_protection_rules/index.htm
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