Bank Overdraft Fees to Total $38.5 Billion

The windfall is nearly double the $19.9 billion collected in 2000, as overdraft fees drift higher despite the recession, said Mike Moebs, chief executive of research company Moebs Services.“Overdrafts are the mother lode of all service-related charges, and they’re often the only source of capital,” Moebs said. “Still, we had never seen fees go higher […]

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