Banks relax on overdraft fees

by matt on September 24, 2009 · 0 comments

Now I am not normally posting news like this however I have always thought that the overdraft fees banks can charge are destroying people. They are finally being relaxed. No longer will you be charged 40 dollars for a cup of coffee if you get hit with an overdraft. Also these two banks are changing how they process transactions. They used to process transactions from largest to smallest and now they are changing it so they process in the order they come in.

Banks did largest to smallest for one reason in my opinion and that is so they could get as much money out of your account so they can attempt to charge more overdraft fees. Read the rest at ABC News.




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