Bank overdraft fees increased

January 20, 2012 2:36:27 PM PST
An overdrawn bank account is costing you more these days

The Chicago economic research firm Moebs Services says new federal guidelines on overdrafts have pushed overdraft fees up to $30, a $2.50 increase.

The firm says fewer customers are overdrawing, so banks and credit unions are increasing overdraft fees to make up for the lost revenue.


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