boafees300.jpg Submitted by Joe Mauceri on Wed, 03/10/2010 - 4:40pm.

Customers of one North Carolina-based bank will no longer have to worry about overdraft fees starting this summer. Bank of America will drop the $35 overdraft fee on debit card purchases. Under the new rule, customers who try to make a purchase that would overdraw their account would be denied and ATMs would alert customers before allowing them to withdraw too much money from their accounts. "I think the possibilities is a good thing to do," said BoA customer Leo Bradley, "because you know if you overdraft and they charge you $35, that's a pretty good little bit of money." The new policy will take affect in the middle of June for new customers and the middle of August for current customers.

Full Story »
The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

More information about formatting options

To prevent automated spam submissions leave this field empty.
Please re-enter the code shown in the image below.