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Re:Using a single AWS account is a serious risk by impostervt on Friday August 07, 2015 @08:33PM (#10025832)
I actually had a billing alert set, and I did get an alert, but it looked like this:

"You are receiving this email because your estimated charges are greater than the limit you set for the alarm "awsbilling-AWS-Service-Charges-total" in AWS Account XXXXXXXX.

The alarm limit you set was $ 10.00 USD. Your total estimated charges accrued for this billing period are currently $ 1050.95 USD as of Saturday 18 July, 2015 17:34:36 UTC."

So, it came a bit too late to take action.

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