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Banks Made $6.4 Billion in Overdraft Fees Last Year

The Big Three banks -- JP Morgan Chase, Wells Fargo and Bank of America -- raked in an astonishing $6.4 billion in overdraft fees alone last year. Stop a moment and think about that: Each overdraft, on average, costs customers $35, an amount that gets multiplied with each subsequent purchase no matter how small.  Read more.

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