Sunday, 26 February 2017

Big banks rack up $6.4 billion in ATM and overdraft fees

Big banks rack up $6.4 billion in ATM and overdraft fees

If you've ever had to pay $3 (or more) to get your own money out of an ATM machine, you aren't alone. Nobody likes those fees. Except banks. America's three biggest banks -- JPMorgan Chase (JPM), Bank of America (BAC) and Wells Fargo (WFC) -- earned more than $6.4 billion last year from ATM and overdraft fees, according to an analysis by CNNMoney that was verified by S&P Global Market Intelligence. That works out to over $25 in fees annually for every adult American.
Read more: http://money.cnn.com/2017/02/22/investing/atm-overdraft-fees-rise/?source=Snapzu

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