Are free overdrafts for you?
Did PNC Bank, Ally Bank, Alliant Credit Union, and the Walmart Bank do what you can do?
All the answers, here, so please read on. Send or call with any questions or comments.
Semper, Mike

There is about $17 Trillion in deposits at banks, credit unions, fintechs and savings banks – 20% came in the past 18 months.
Alexander the Great was asked as he was dying who takes over his army. His last words were, “To the strongest.”
The Federal Reserve has re-defined depository deposits and Walmart is the first to start mining.
The following lays out a plan for every financial institution to lay claim and start mining Transaction Accounts quickly.
Semper, Mike

In the past month overdrafts in checking has frequently appeared in the media.
Two major stories are included below: Wall Street Journal and New York Times.
Moebs $ervices is the primary source of overdraft data for both publishers.
Interesting copy highlighted for your convenience.
Have a Joyous and Safe 4th of July – Home of the Free because of the Brave.
Semper, Mike
 

While Service Charges are still down in revenue for financial institutions yet starting to nudge up – see why and how below.
Semper, Mike

Hopefully the Ally Bank move will help to lower the price of overdrafts by other financial institutions but not zero it out.
Semper, Mike

As with 1918-20 pandemic are we headed toward a major recission? Find out with the latest M$ Economic Report below.
Semper, Mike

Today 67 years ago May 6, 1954 Roger Bannister was the first human to run a mile faster than 4 minutes. He ran the mile at 3 minutes 59.4 seconds. Bannister did this at 6 pm on the Iffley Road Track at Oxford, England.

It is a whole new world for checking – see why below. 
Semper, Mike

As seatbelts changed how we ride in cars,
COVID has accelerated a total revamp of overdrafts in checking accounts.
 Semper, Mike

While the auto market has grown the past 5 years in outstanding loans in 2021 auto loans may face profitability and compliance challenges – read how below.
Semper, Mike