Comments on: Banks agree to lower/eliminate debit card fees

By: Print Coupons Online

Print Coupons Online — Fri, 25 Sep 2009 15:08:42 +0000

I’m glad that the banks are finally starting to smarten up. I agree with Tamara from Canada, it does seem rather silly to have cards that go through even when there isn’t money in the bank to back it up. We should take a cue from Canada!

By: Adriana

Adriana — Thu, 24 Sep 2009 02:26:16 +0000

That’s right about Canada- I live in The States,but have account in Canada and it’s much convenient-great country!

By: ellenmills

ellenmills — Thu, 24 Sep 2009 01:33:37 +0000

Many debit cards have in the fine print “overdraft protection” as default. In other works, you don’t ask for overdraft protection, it comes with the card. This means you pay lots of $$ if you try to spend more than the debit card is good for and without any warning that it’s an overdraft with a fine attached.

By: Lisa L

Lisa L — Wed, 23 Sep 2009 22:14:33 +0000

Just one more reason why I want to move to Canada!

By: Tamara

Tamara — Wed, 23 Sep 2009 20:11:21 +0000

All this debit stuff in the US is so foreign to me. I was in Chicago recently and most places we went said “we take debit”, but really that means, “we take credit cards, but it’s okay if they are hooked up to your bank account and are kind of like debit”.

In Canada NO ONE carries cash because we all have actual debit cards that are issued by our banks and the money comes right out of our bank accounts. They are not VISA, or MC debit cards, they are *just* bank debit cards. And there is little to no fee to use them, and if there isn’t money in your account, and you haven’t previously set up an overdraft, your transaction is declined and your purchase doesn’t go through.

Also, debit cards are accepted EVERYWHERE from major retailers to 7-11 to the dollar store.