Another bank acts
October 8, 2009 | alternatives, industry | Comments (0)I guess it’s better to jump than to be pushed. From the news release:
Harris Bank Announces Changes to Limit Overdraft Fees
CHICAGO, Oct. 8 /PRNewswire-FirstCall/ — Harris today announced changes to its consumer deposit overdraft processes to assist in minimizing customer overdraft and non-sufficient funds (NSF) fees. The changes will be implemented by the end of the year and apply to all consumer deposit accounts, in all markets, and include:
- eliminating overdraft and NSF fees if a customer’s account is overdrawn $5 or less
- instituting a maximum number of overdraft occurrences and overdraft fees of four per day
- instituting a maximum number of NSF fees of four per day
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