Jennifer: An Overdraft Fee Victim

Jennifer, among millions of consumers nationwide, had a great chuck of her paycheck disappeared because of unexpected overdraft "fees." Overdraft fee programs, often presented by banks and credit unions as consumer protection programs, are in reality unauthorized short-term, small loans with triple-digit interests.

Almost half of all overdrafts (46%) are triggered by debit cards at the ATM or the point of sale, instead of simply denying such transactions at the point of sale, banks and credit unions are collecting $17.5 billion per year in abusive overdraft fees.

Watch Jennifer's story and then share your own.

For more visit our website at www.responsiblelending.org

Category:

Nonprofits & Activism

Tags:

• overdraft charges
• bank charges bank fees

[ilopol]

I got you beat, BOA got me for $360 in overdraft frees for 9 debit card purchases all under $20. LOL

[azaquihel]

i just pay around $186 dollars on fees for expending ......$35 now i am in my room thinking how will i get trough the week