Are Rising Bank Fees Overdraft Overkill?

Facts about overdraft fees44.5 percent of all banks and credit unions have overdraft income greater than net income.Higher overdraft fees were led by Wall Street banks, with assets greater than $50 billion, charging $35 per overdraft.Wall Street banks’ overdraft fees are 78.5 percent of what a payday lender would charge.85.9 percent of all depositories offering […]

To access this post, you must purchase News Story Subscription.