Tuesday, December 20, 2016

Many Banks Boost Overdrafts by Counting Big Debits First, Report Says

Nearly 40% of the biggest U.S. banks surveyed order transactions in a way that leads to increased overdrafts, according to a new report by the Pew Charitable Trusts. Pew analyzed 44 of the 50 biggest U.S. banks and found that 18 of them process debit transactions — purchases, payments and withdrawals — in order from the...


from NerdWallet
https://www.nerdwallet.com/blog/banking/overdraft-fees-and-practices-hurt-consumers/

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