Talk:Overdraft

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This article seems to be entirely about the author's objections to charges for unauthorised overdrafts, rather than a neutral general article about overdrafts (authorised and unauthorised). I suggest that the article be rewritten. The same author had spammed various other banking-related articles, encouraging people to sign his petition. NFH 14:50, 13 January 2006 (UTC)

[edit] International Viewpoints

I'm from Britain and am currently looking at the costs of being a university student. I came here to look for information on overdrafts with regards to student bank accounts.

If someone editting this article would be able to include information on this, I and many others would be very grateful.

Thank you.

As wikipedia has also stated, overdraft can also be used when talking about aquifers: "Overdraft is when a water is removed from the aquifer at a faster rate than can be naturally replaced by rain or snow. The lowering of the water table causes problems such as land subsidence, surface cracking, sinkholes on the surface, damage to the aquifer's water producing character due to compaction, and in coastal areas, salt water intrusion. Salt water intrusion occurs when the water table is low and the ground water lacks sufficient water pressure to prevent the ocean from backing up into the ground water."

Since that's about an unrelated concept, it should be covered in a different article, like Overdraft (aquifer). — Omegatron 16:41, 13 November 2006 (UTC)

[edit] updated version

the previous section on UK overdrafts has been re-written for the following reasons: (1) it was factually incorrect on a number of points; and (2) it was overtly political, in that it referred to all overdraft charges as penalties without logically justifying such a statement. (It should also be mentioned that the linked BBC articles are themselves incorrect on a number of points.) As mentioned before, Wikipedia is not a political springboard for disgruntled customers.

reverted from the updated version because the rewrite was using weasel words and attempting to minimize the use of the word "penalty" even though the law has confirmed that undue overdraft charges (i.e. in excess of actual damages) are regarded as such.

[edit] re-updated version

again this page has been edited to further an interest-group's point of view. the previous text was 100% correct, wholly neutral and contained no imflammatory language. suggest this page be locked to prevent pointless amendments.

Amending an article because it contains "weasel words" is not a valid reason for changing something; if the author wants to write rhetorical and reasonless words, suggest they become a journalist. Wikipedia is an encyclopaedia, not a mount piece for interest-groups.

Nick95 09:49, 12 December 2006 (UTC)

I cleaned up a couple of niggling grammatical bits and removed slow clearing of deposits as a reason for overdrawing, since this is not a legitimate reason for OD fees. Many of the items (such as Bank Reordering of Transactions) do indeed cause, or at least maximize, overdraft fees, but I'm not sure that they belong in reasons for overdrawing. The section on Transaction Processing Order is accurate, but doesn't seem to be NPOV. Any thoughts?

  Btw, I am relatively new to this whole thing, so any suggestions would be nice.  —Preceding --Koine (talk) 17:19, 23 November 2007 (UTC)Koine

[POV] I am editing this section, but I am concerned that I am skewing it too much to the viewpoint of the bank, not the customer. I feel like the current article is very skewed and has a lot of incorrect information. If anyone wants to give me a hand, that would be great. Koine (talk) 22:48, 23 November 2007 (UTC)Koine