Making Sense of the Overdraft Fee Changes

by Kevin Lynch 15. March 2010
As many people know by now, one of the largest banks in the country recently announced changes to the way they will deal with overdrafts on certain ATM and debit card purchases later this summer. This announcement is a direct result of regulatory changes mandated by the Federal Reserve around Regulation E, the Electronic Funds Transfer Act. They've chosen to make the decision for the customer by eliminating this service completely. We will admit that the changes are somewhat cha... [More]


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