Each year, banking customers spend an estimated $32 billion on overdraft fees. While many banks have modified their policies regarding the costly fees, recent reports found those changes aren’t enough to protect most consumers. Now, in an effort to add to those protections, one lawmaker is pressing banks for more information on their policies. [More]
overdraft fee
Taco Bell Typo Causes 11 Overdraft Fees
By 3.23.09
A Vancouver man says he was overcharged by Taco Bell — costing him hundreds of dollars in fees. The man used his debit card to buy $15 worth of Taco Bell for his family. The receipt read the correct amount, and he says he didn’t notice that his card had been debited $150 until he started receiving overdraft fees for each item he bought after Taco Bell.
