USA Today Looks at Bank Overdraft Fees and Practices
In this morning's USA Today, Kathy Chu examines the practices of US banks with respect to how they handle overdrafts on checking accounts, how they clear checks, and more. She lists automatic enrollment, high-to-low clearing, confusing statements, and other practices as reasons consumers need to be careful about managing their checking accounts and debit card usage. Included in the story is a survey of the overdraft practices of the top 10 US banks.
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