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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.

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