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More to Overdrafts Than Meets the Eye

Paid overdrafts are a courtesy to the member, and many credit unions offer tools to help members avoid them.

By Justin Maddison | Updated on February 18, 2016
Dear Editor,

First of all I’d like to say that I always enjoy reading your column.  You write very well and your topics are always interesting. I would like to make a few comments on your latest column “The CFPB is Right About Overdrafts” from the Feb. 10 edition of CU Times. 

In your column you mention that accounting is a skill that can be learned and then you pose the question, “What if your access to financial services depended on your ability to write masterfully without making any grammar or spelling errors?” First of all, there is a huge difference between “accounting” and the simple addition and subtraction it takes to balance a checkbook. All overdraft fees are avoidable and if a member pays attention to his or her spending, they would never pay an overdraft fee. 

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