Overdraft Mode News Today : Breaking News, Live Updates & Top Stories | Vimarsana

What this involved was financial reformulas year that took place last year, basically said if a customer is facing an overdraft, then the bank would have to notify that bank customer that they may face a fee of, maybe $35 per transaction. you just have to notify them. all bank of america wanted to do here was essentially send a text message to a customer saying look, you may be in overdraft mode. if you want to go into overdraft you will have to pay this $35 fee. with the protests against the banking system. bank transfer day, where bank transfer day involved activists saying get rid of your bank accounts, move to credit unions, essentially bank of america is even backing off just texting a notification that you may be in overdraft. bank of america already ditched its overdraft fee as has citigroup and hsbc. so this seems to be more sensitivity on the part of banks to what is going on ....

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