Overdraft Fees
Free Checking is Not FreeA Closer Look at Overdraft Fees: How California’s Largest Banks Profit from Low-Balance Account Holders
Banks are robbing their customers blind with overdraft fees. It is modern day usury to allow customers to spend money they don’t have and then charge them excessive fees without their consent, as banks do with overdraft fees. The California Reinvestment Coalition (CRC) released the report "'Free Checking' is not Free" that reveals how the complicated and deceptive overdraft policies at California’s biggest banks allow them to reap huge profits from their mostly working class account holders.
Click here to read the report.
