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Tuesday, April 5, 2011

FML 3 - Ridiculous NSF fees

NSF aka Non-Sufficient Fee is a fee charged by your bank when you have insufficient money in your bank account.

What does it mean?
It means you have spent more money than you had in your bank account. And you didn't realize it, did you?


How much can it cost you?
Depends of which bank you are dealing with. It can range between $35 to $45. PC Financial charges you $40 when you overdraw or overspend.

Now should you be pissed off?
Yes and no. 
Yes if you are a student or unemployed, trying to save up every pennies by sacrificing your breakfast or dinner, not going out for movies, not buying any new clothes, doing only window shopping. $40 could mean a lot!
No if you are rich spoil brat and don't care a thing of your expenses.

Being a victim of NSF fees? Not fun.

Lesson 3 = Obviously you gotta make sure you have money in your account before spending it.

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