Published 2 years ago

Bank of America's overdraft fees down 90% under new policy

Summary by Ground News

Bank of America says the revenue it gets from overdrafts has dropped 90% from a year ago. Bank reduced overdraft fees to $10 from $35 and eliminated fees for bounced checks. CEO Brian Moynihan expects whatever residual income the bank earns will come from small businesses.

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Associated Press News

Bank of America's overdraft fees down 90% under new policy

Bank of America says the revenue it gets from overdrafts has dropped 90% from a year ago, after the bank reduced overdraft fees to $10 from $35 and eliminated fees for bounced checks.

2 years ago·United States

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abc News

Bank of America's overdraft fees down 90% under new policy

Bank of America says the revenue it gets from overdrafts has dropped 90% from a year ago, after the bank reduced overdraft fees to $10 from $35 and eliminated fees for bounced checks

2 years ago·United States

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Washington Times

Bank of America’s overdraft fees down 90% under new policy

Bank of America says the revenue it gets from overdrafts has dropped 90% from a year ago, after the bank reduced overdraft fees to $10 from $35 and eliminated fees for bounced checks.

2 years ago·United States

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KIFI

Bank of America's overdraft fees down 90% under new policy - Local News 8

Bank of America says the revenue it gets from overdrafts has dropped 90% from a year ago, after the bank reduced overdraft fees to $10 from $35 and eliminated fees for bounced checks.

2 years ago·Idaho Falls, United States

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Chicago Tribune

Bank of America’s overdraft fees down 90% under new policy

Bank of America says the revenue it gets from overdrafts has dropped 90% from a year ago, after the bank reduced overdraft fees to $10 from $35 and eliminated fees for bounced checks.

2 years ago·Chicago, United States

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WPLG

Bank of America's overdraft fees down 90% under new policy

Bank of America says the revenue it gets from overdrafts has dropped 90% from a year ago, after the bank reduced overdraft fees to $10 from $35 and eliminated fees for bounced checks. The nation’s largest banks are moving away from the practice of charging exorbitant fees on what are mostly small-dollar purchases after years of public pressure. Bank of America CEO Brian Moynihan told The Associated Press that he expects whatever residual income …

2 years ago·Miami, United States

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