A 2012 whitepaper by the Consumer Financial Protection Bureau confirmed that banks have been reordering transactions in a way that can lead to excessive overdraft fees. For example, Wells Fargo reshuffles the transactions into numeric...
Read MoreThe ‘80s band, Simply Red, sang that “money’s too tight to mention” – which is as true now as it was 30 years ago. Especially with the financial knock of the Covid-19 pandemic, every penny...
Read MoreAccording to a MarketWatch report based on data collected from Moebs Services, consumers pay an estimated $34 billion in overdraft fees every year. Unfortunately, the reality is that banks and financial institutions are racking up much of...
Read MoreWhen you withdraw money from your bank account and if such amount exceeds the total balance of your bank account, your bank will lay down some fee to cover the cost of such transaction; such...
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