Released: September 27, 2009

Banks’ changes to overdraft fees aren’t impressive

Source: David Lazarus, Los Angeles Times (Free Registration)

When it comes to pesky overdraft charges, most leading banks seem determined to do everything they can to help customers - except actually help them avoid the fees.

Bank of America Corp., Wells Fargo & Co., JPMorgan Chase & Co. and U.S. Bank announced changes to their overdraft rules last week that each says will be a boon to customers, including limits on how often and under what circumstances fees will be charged.

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