Categorized | alternatives, industry

Students hard hit by bounced check fees

This story in USA Today details deals that universities make with banks to market debit and credit cards to students.  Andrew Cuomo, New York AG, is investigating these arrangements.   Most interesting is the chart at the very end of the story.  Because students write smaller than average checks (about $12) the per dollar cost of a bounced check fee is enormous, twice that of an adult. 

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