Bank of America Alters Overdraft Fees

Bank of America has long been criticized for how the company handles overdraft fees. On Monday, the bank finally decided to do something about it. Their changes to their overdraft fee rules are aimed at helping customers avoid racking up big overdraft penalties.
Starting on Oct. 19, Bank of America won’t charge an overdraft fee when the overdraft is less than $10 and is in that state for less than a day. Overdraft fees will only be maxed out at four times per day and customers will find it easier to opt out of overdraft protection. Additionally, Bank of America will …read more