Bank Robbery
Bigbanks are making big increases in overdraft fees for debit cards andchecking accounts. The increases come amidst the growing cries to reignin the fees as well as limit bank policies such as hitting customersfor each transaction on a debit card and "big check first" policies. Anew survey has found that big banks charged a median price of $35 peroverdraft vs. all financial institutions with a median OD fee of $26.Overall, the national median for overdraft fees on consumer checkingaccounts, debit cards and ATMs increased 4%to $26 per incident in 2009 from $25 per incident in 2008. The Southled all US regions with a median charge per overdraft of $29.00 vs.$25.00 elsewhere. The Moebs Services research also shows 35% of allfinancial institutions allow consumers to overdraw their accounts at anATM or with a debit card for which a mediancharge of $26 is assessed and less than 20% of all financialinstitutions pay overdrawn checks in the order from large to small.
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