The Danger of Using a Debit Card

The NY Times recently ran a short editorial detailing the “Debit Card Trap“, basically outlining the hefty overdraft fees that banks may levy on your account should you go over your balance. They offer a couple of suggestions that the government should take to insure that consumers are protected against egregious charges.

Of course, one solution to this problem is just making sure you always maintain a balance to cover your purchases…easier said than done, perhaps, but not an impossible task for most people. Also, there is an option