Bank Overdraft Fees : America's Banks Billions of Dollars Last Year

Let me ask you a question: How much money did you loose last year due to overdraft fees from your bank? Did you know? America's three biggest banks made more than $6 billion last year just from ATM fees and overdraft fees.

Bank overdraft fees, don't you just hate them?

If your bank account is in one of these banks - JPMorgan Chase, Bank of America and Wells Fargo - chances are you contributed a great deal to their humongous overdraft profit.

I certainly did! I contributed about 60 bucks last week alone in overdraft fees... LOL...

I was once told, the Haitian community in Miami looses millions of dollars in overdraft fees every year.

You do know what happens when you a payment goes through and there's not enough money in the bank to cover for it, don't you? No surprise here, you are not the only one that happens to. It's big business my friend.

You may hate those hefty overdraft fees but your bank loves it!

What is your story?

Reply with your comments

Filed under: Money, Haitian Diaspora, Banking Services, Banks, Retail banking, Online Banking, Haitian Newsletter Articles, Business

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Frantzcadet Jacquet They abused me too many time RE: Bank Overdraft Fees : America's Banks Billions of Dollars Last Year see more
Reply · August 04 at 11:03 PM
Frantzcadet Jacquet They abused me too many time RE: Bank Overdraft Fees : America's Banks Billions of Dollars Last Year see more
Reply · August 04 at 11:03 PM

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