ATM, Overdraft Fees Top $6 Billion

Friday, January 15, 2016

 

 

ATM and overdraft fees are costing Americans so much money that they’ve become a presidential campaign issue. Wells Fargo, JP Morgan Chase…and Bank of America made more than $6-billion dollars last year in ATM and overdraft fees. More than five-billion came from overdraft fees alone. Presidential candidates are even expressing frustration over the fees. Bernie Sanders vowed that if he’s elected president, he will cap them at two-dollars instead of the average four-dollars being charged.

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