Debit Overdraft Fees Often Exceed Cost Of Purchase

NewsOK.com RSS - business, Daily Oklahoman: Business
Thu, 07/31/2014 - 12:01pm

WASHINGTON (AP) — The fees that banks charge debit-card users who overdraw their accounts usually cost more than the items being bought. That's the result of a study that the Consumer Financial Protection Bureau released Thursday. Large banks have generally charged a $34 penalty when people overdraw their accounts, even though most of the purchases involved were for less than $24.Read more on NewsOK.com

Topics: washington ap the consumer financial protection bureau large newsok debit fees cost purchase accounts overdraw banks

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Debit Overdraft Fees Often Exceed Cost Of Purchase

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