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Originally Posted by Cynthetiq
If my bank was still charging me fees for using the electronic checking portion of the service spectrum such as $.30 for each transaction then I would be writing checks still. I never balanced my checkbook register once in my life. I couldn't be bothered with the minutae detail of pennies.
I hate the fact that banks are profit centers now and do not encourage savings of any sort by nickel and diming one into oblivion.
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Hate to say it but banks have always been in business to make money. There's just a greater awareness among the general public these days to that fact brought about, in part, by news reports. Banks, like any business, are in business to develop as many revenue streams as possible.
That said, I haven't given a bank money in years, other than to have direct deposit and maintain a little bit of a balance that does draw a paltry amount of interest.
As for debit cards, why have funds debited from your account in real time? I mean, you still have that checkbook balancing thing. Keep a card that you pay off every month (in fact, it's downright silly to borrow money with a credit card when there are so many other ways) and just charge everything. You can always dispute a charge. And on the statement due date just go on line and pay the bill with your checking acount - or even by phone! No interest and only one hit to your checking account for a month's worth of purchases!