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Large Banks Not Following Best Overdraft Practices

December 20, 2016 overdraft fees , ATM fees , bank fees , over the limit fees , credit unions , Pew Charitable Trust , Pew research , overdraft practices , small banks , banking survey , overdraft , credit union fees , overdraft policy , overdraft costs , overdraft program , Pew study , banking study , bank policy , Nick Bourke , process transactions , overdraft coverage , overdraft service Bill Hardekopf

Many of the largest U.S. banks are charging high, and often multiple, fees when customers incur overdrafts, according to research released today from The Pew Charitable Trust. In addition, more than two in five banks are rearranging transactions so that these overdraft fees are maximized. In Pew’s new reports, “Consumers Need Protection From Excessive Overdraft Costs”

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