In the LA times this editorial the price of overdraft protection it is basically saying that those who cannot keep up with the amount of money in their account should be warned before they overdraft in their account. Now, I am not saying that the overdraft fees aren’t expensive, because they certainly are. I am saying that I think it is irresponsible that people cannot keep track of their bank account statements. Therefore, those people shouldn’t be notified before they are about to overdraft. Towards the end of the editorial it is explaining that in order to avoid an overdraft fee, they would have to make a merchant check the bank authorization before approving or declining the debit card so that person can cancel the transaction if there is not enough money. So if that were to happen and the system were to change and make that a rule, it is definitely encouraging fraud. I do not think a merchant should have to approve the costumer’s bank statement before the purchase regardless if it will overdraft or not. There are other solutions to this overdraft problem, for example, some banks offer a “way to save” account. This type account is formed every time someone’s card it swiped, which means every time someone makes a purchase it takes one dollar out of that account and into your way to save account. And, over time this account adds up dramatically so that it will help prevent those overdrafts. So, when you have an overdraft that is about to occur and you don’t know it, it will automatically pull from the way to save account to protect you from having an overdraft overall. I think this is an excellent solution that will be able to help people manage their money more. I do not agree that other people should check your bank statement before using your card, because that is just a lazy way to have someone else help you manage your money and tell you when and when not to use your debit card. If everyone could get an account like the way to save then this would not be considered borrowing money without knowing it, and I think it would be a huge success for banks and their customers overall.