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A World Without Overdraft

Monday, August 16, 2010 - 5:09 AM
Say goodbye to those nasty surprise overdraft fees.

Federal Reserve rules that take effect Sunday ban banks from automatically enrolling customers in overdraft protection when making debit purchases or withdrawing money from ATMs.

For savers this might not be a change for the better if it causes banks to lower deposit rates or raise other fees.
Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
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