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Please don't remind me that I'm poor; I'm having too much fun pretending I'm simply "living green" like everyone else these days.


Thursday, October 21, 2010

Regulation D

Oh egad, now "they" want to dictate the way I handle my money.  "They" being the powers or people that are the ones who keep telling us we "must" do this or "must" do that.  Like, for example, changing to digital without any choice in the matter was a few months back.  It feels more and more like my life is not my own anymore.  There is always someone telling me that I must change but I don't want to change their way.  I want to do things the way it makes the most sense to me.  What am I upset about? 

For a long time I hated the idea of not getting my cancelled checks back and having to pay a fee to get a copy of one if there is ever a question about whether I paid a bill or not.  Now the banks are getting even more control over my (our) money.  We don't have a choice in the matter.

This morning I heard about some new banking regulations that are going to be in effect next  month.  I thought my readers might want to know because it may change the way you do banking too.  We are going to be limited to 6 transactions a month including automatic bill pay, atm transactions, and some other things.  I'm not sure if this means regular checking accounts or just savings accounts or what.  I'm still trying to figure it out myself and how it's going to change the way I do banking.  Especially online purchases and store purchases with my card. 

You may want to check the website of your own bank to find out more.  I think I'll look at my bank's site after I finish in the kitchen.  This is a link that explains Regulation D better than I can. 


kathi said...

Anita, i thought regulation D was only used on SAVINGS accounts. not your checking? is your bank trying to use it on your checking account as well? just WRONG. I did hear that banks are trying to charge more and more for checking accounts, etc. to make up for the loss of interest and "fees" that the government now won't let them tack on or raise at their whim.. yeah, IT ALL costs US in the end. and i also am SICK,, and near OUTRAGED at all the CONTROL "the others' are putting on OUR lives.
but DON'T get me started on THAT one. giggle.

Anita Estes said...

Your probably right Kathi, I still haven't figured it all out yet. I didn't get a chance to check at my bank's site yet. Ladybug arrived and I didn't get around to it.

So many changes, so fast, have my head spinning trying to just figure out what is going on. Changes in tv, changes in foods, changes in computers, changes in insurance coverage, changes in banks.... too much too fast.