“ A consumer who overdraws an account by $20, repays the bank in two weeks and pays a $27 fee would be charged the equivalent of a 3,520 percent annual interest rate, according to a study released last year by the Federal Deposit Insurance Corp.
Alexis Leondis, Overdraft Debit Fees Treat Customers to $300 Fast-Food Charge (via soupsoup)
Bandits don’t wait by the roadside these days, they sit behind desks.
