Posted inBusiness

Debit Overdraft Fees Often Exceed Cost of Purchase

JOSH BOAK, AP Economics Writer WASHINGTON (AP) โ€” The fees that banks charge debit-card users who overdraw their accounts usually cost more than the items being bought. Thatโ€™s the result of a study that the Consumer Financial Protection Bureau released Thursday. Large banks have generally charged a $34 penalty when people overdraw their debit-card accounts, […]

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