My own special bailout.

Posted by arelente2 on November 24, 2008 · Leave a Comment

While Detroit’s ‘Beg 3′ is having a hard time asking congress for a bailout, I just realized that if I don’t put something in my free checking account my balance will be $-50+.

I have 2 transaction that will cause the deficit and will have a fine of $24 dollars for EACH transaction.

To top it all off, I have a bill that is due today for about $50.

I explored my options. I have a Bonus Rates account wherein I have an APY of 1.00% and it’s about $300. If I even withdraw a cent from that, I’ll have to pay a service fee of 5$ and the APY will be like a normal savings because my balance was not 500.

According to my phone company, I have a grace period of 5 days, after which a 5$ fine. On a different occasion, someone told me that I have a grace period of 10 days and a late fee of 1.54% of this month’s due amount which will be added to next month. I was confused, but I think that the earlier is much better and much solid argument because the operator quoted a document issued by the company, he added that the late fee is based from my standing in the company. Such equity. (more My own special bailout.)

Filed under Opinion, Personal · Tagged with

Disclaimer: PinoyBlogoSphere.com(PBS) claims no credit for any content(posts, articles, texts, images, videos) featured on this site unless otherwise noted. All contents are copyright to their owners/sources. PBS is in no way responsible for or has control of the content of any external web site links. Information on this site may contain errors or inaccuracies; we do not make warranty as to the correctness or reliability of the site’s content. If you own rights to any of the content, and do not wish them to appear on this site, please contact us via e-mail and they will be removed.