Majority profit is in overdraft fees
Why banks suck 101: CNNMoney reports banks will make $38.5 Billion in overdraft fees this year. Almost half of banks will make more in overdraft fees than their net profits, which means, all their profits are coming from overdraft fees. Make sure overdraft protection is turned off for your debit card, a feature which most banks have on be default when you open your account.
Uncategorized | admin August 10, 2009
