The Bite of Bank Fees

Banks are raising their NSF fees. The average fee increase $2.50 to $27.50 this year.

The thing with NSF’s is that since banks charge them, they’re ok or acceptable. I wonder why that is?

Here is a NSF horror story.:

Bank customer Laurie Harris:

Early last month, she deposited money into her Bank of America checking account, but the check did not clear before several charges were posted. Each time Harris overdrew her account, she paid $35, totaling nearly $300 in fees in May. That set off a chain of events that has left her with about $600 in overdraft fees this month.

You can read the full article in the Washington Post title The Bite of Bank Fees.

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