Tag Archives: Checkbook Balance

I Do Not Like Debit Cards

I Do Not Like Debit Cards By Howard LipsetThe primary reason is that they lead to additional bank charges.

In my opinion, the only people who should use a debit card are those that have excessive amounts of cash in their checking accounts or those who will never write a check on the account that is being debited.

And here is why. Obviously, excessive cash will handle a myriad of charges without fear of overdrafts. Most people who use the debit card do not have a mechanism for adjusting their checkbook balance for each charge. Continue reading