Hadn’t thought of this
September 29, 2009 | alternatives, industry | Comments (0)“Without overdraft frees, why would banks offer checking accounts?” A different perspective at Daily Finance:
Here’s the problem with eliminating overdraft fees: It will encourage banks to turn away many low-income, low-asset customers, forcing them into the shadowy market of check cashing services, Western Union money orders, and payday lenders.
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