Avoid Being Scammed When Using Your Debit Card

When buying a product or service, many people use their debit card to make the payment. But before you use your debit card, stop and think whether it is the best way of making that particular payment.

Debit cards and credit cards are quite different and they have their own advantages and disadvantages. There are different levels of protection provided in these cards – the most important difference being that a debit card gives direct access to your checking account, which means it is riskier. [Read more…]

Debit Card Overdraft Fees for Bank of America Accounts Eliminated

You will no longer be able to spend what you don’t have in your Bank of America account. The surprise overdrafts and the subsequent hefty fees will soon become a thing of the past over with your Bank of America debit card point of purchase transactions. Bank of America has announced elimination of overdraft fees on such debit transactions, and this will come in effect from June for new accounts and from August for existing accounts. [Read more…]