Is overdraft fees illegal 2024?
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Studied at the University of California, Berkeley, Lives in Berkeley, CA, USA.
Before the Overdraft Protection Law was passed, most banks automatically enrolled customers in overdraft coverage. These banks automatically processed transactions when customers had insufficient funds, and they charged a fee of around $35 for each of these transactions. The rules changed in 2010.
2023-05-10 09:54:57
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Oliver Johnson
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Before the Overdraft Protection Law was passed, most banks automatically enrolled customers in overdraft coverage. These banks automatically processed transactions when customers had insufficient funds, and they charged a fee of around $35 for each of these transactions. The rules changed in 2010.