If you've been reading for a while, you have probably noticed that I'm a huge fan of Navy Federal Credit Union, USAA, and Pentagon Federal Credit Union. They have always provided good service without any crazy fees and I appreciate it.
Perhaps living in this world of outstanding banking organizations has made me lose a little bit of touch with reality, because I was truly astonished when I read this article today: Banks Can Manipulate Your Transactions, Then Charge You 1750% Overdraft Fees. When I first read the title, I though to myself, "What? That is crazy. What type of whacko, small bank account is pulling this sort of scam on people?" After I read the piece, I was even more astonished. These are big banks, and they seem to think that this is a legitimate business practice.
You certainly don't have to use one of the three banks that I prefer, but be sure to shop around and do your research. There are plenty of fine credit unions, and a few fine banks, that won't use deceptive practices to steal your money from you.
(And set up overdraft protection - it should be free, and it provides good peace of mind.)