Maximizing overdraft fees
This LA Times article provides yet more evidence that Chase continues to maximize overdraft revenue by rearranging the order debits and deposits are recorded to be as favorable as possible to the bank. Chase claims that next year with its new overdraft policy it will start applying transactions in chronological order (except for checks, which will be biggest first), but for now, they are still up to the same old shenanigans.
Fees & charges | admin December 20, 2009
