protection racket

Citibank Closes Overdraft Protection Due To Lack Of Overdrafts

Citibank Closes Overdraft Protection Due To Lack Of Overdrafts

We all know that banks offer overdraft protection because it makes them money, not because they want to be kind to customers. Still, it seems weird–or maybe just brutally honest–that Citibank would cancel Corrie’s overdraft protection service simply because she’d managed to avoid any overdrafts since she opened her accounts. [More]