You have got to be kidding me?! Just another way to azz-rape us while we are down...
Full story here: http://money.cnn.com/2009/08/10/news/companies/bank_overdraft_fees_Moebs/index.htmMoebs Services collected data from 2,000 banks and credit unions, and the firm found that 44.5% reported a net overdraft revenue higher than their net income. Fee hikes have helped banks boost profit amid the recession, Moebs said.
"Most people paying these fees have a credit score below 590 or so," Moebs said. "Beyond that, they're a whole gamut of people: rich and poor, men and women."
Government-mandated overdraft fee increases "are leading the charge," Moebs said. For example, he said, a local U.S. post office decides to increase its overdraft fee to $35. Area retailers note the increase and in turn raise their own fees. Finally, banks follow suit.