overdraft fees

Customers Still Baffled by Overdraft Fees

Posted on 06/27/2014 by |AARP Blog Author | Comments

Bulletin Today | Money & SavingsCustomers who say they don’t recall authorizing their bank to provide overdraft protection on their checking accounts are getting hit with overdraft fees totaling $90 or more, according to a new report. It’s been four years since federal rules took effect that required banks to ask customers to opt in if they wanted overdraft protection on the debit cards tied to their checking accounts. The rules were supposed to make it easier for customers to understand when banks could charge them fees …

Bank Fees Creeping Up Again, Report Says

Posted on 06/7/2012 by |Money and Work | Comments

Bulletin Today | Money & SavingsRemember when we heard all those stories about bank customers whose accounts were overdrawn by as little as $5, yet they were charged up to $35 in fees for each transaction made when accounts were empty? Bank fees are back in the news. After two years of holding roughly steady, it turns out that bank charges for overdrafts are starting to creep up again, according to a report released Thursday. The Consumer Federation of America examined the fees and practices of …