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The federal government just put a cap on overdraft fees. IIRC, it is $3.
by HWR_14 3y ago
The federal government just put a cap on overdraft fees. IIRC, it is $3.
- JumpCrisscross 3y ago> federal government just put a cap on overdraft fees. IIRC, it is $3 Should be opt in and charged as an APR.
- mardifoufs 3y agoGod I wish canada would do that too. They are insanely high here.
- Kirby64 3y agoEven if they limit it to $3, which is much better, you can still do slimy things like process the large transaction first (say, a mortgage payment), then process all the little transactions afterwards, stacking overdraft fees for each one. This is what BofA got sued for. Can turn a $3 charge into $45 pretty quickly.