Using a debit card or giving anyone your bank account info is rather dangerous. You are lucky your bank helped you out. Why, oh why would anyone use a debit card instead of a credit card---or cash if buying something at a local store. Remember the old saying: a fool and his money will soon part.
There is no truer mantra in capitalism than, "a fool and his money will soon part". This has become increasingly true as the complexities of the financial markets have grown. Those with the knowledge of the makeup of the markets have a distinct advantage over the common ordinary citizen. Any amount of government regulation of the banking sector will only change the way in which those with knowledge take money away from the 'fools'. The only way to stop this cycle is to educate the public on financial matters or provide educated to people serve in the best interest of the public.
Gilbert Arenas~A Fool And His Money Will Soon Part! - YouTube
Well, that it. My top 10 strategies that, as a parent, I think other parents should be aware of prior to completing the FAFSA or the CSS PROFILE application forms. However, my best advice would be consult a college financial expert to guide you through this complex and convoluted process - or as the old saying goes, “A fool and his money will soon part.”