Late fees, loan-origination fees, over-the-limit and overdraft charges helped generate 53% of banking-industry income in 2008, according to Bob Hammer, chief executive of bank-card advisory firm R.K. Hamme, up from 35% of income in 1995.
Entries Tagged as 'avoiding overdraft fees'
10 Ways Banks Take Your Money
July 8th, 2009 · No Comments · Banking, Credit Cards
Tags: Annual Fees·ATM·avoiding overdraft fees·banking fees·checking accounts·Closing Accounts·Credit card·Inquiries·maintenance fees·over the limit·Service fees·Teller
Banks Latest “Bail-out” Plan Encouraging Overdrafts? Avoid this Trap!
August 26th, 2008 · 3 Comments · Banking, Consumer Debt
Although I do have some empathy for the tremendous financial losses that many of our banking institutions are facing with the credit crunch, I’d have to say this is pretty underhanded. One of the latest ways banks have found to boost revenue includes jacked up fees and policies that have been re-written to maximize [...]
Tags: account overdraft·avoiding overdraft fees·bank fees·Banking·overdraft fees·overdrawn funds·penalties for overdrafts
