As Americans enter 2012, their choice of bank may be increasingly important. Since regulations implemented in 2010 limit banks’ power to charge overdraft fees, many banks are looking for new ways to recoup the income they lost from this type of service fee.
Click on “Launch Infographic” to learn more about how the change in overdraft regulations may impact your pocketbook.
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2 Comments so far
leave a commentI have a friend who says Wells Fargo regularly charges his elderly mother $800 a month in overdraft charges. She has no concept of where her money goes. Sad really.
Comparing the Interest on Checking accounts from 2001 to 2011 is not a good comparison. The economies are wildly different. Shockingly if you compared the savings account interest rates from 2001 to 2011 you’ll find a sharp decrease. Correlation does not imply causation.