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Overdraft Fees or ATM Fees – which would you prefer?

11.30.2009
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Following from Nicole’s post about the choices US banks are facing in their replacement of overdraft fees comes news from UK banks regarding their choice pending final court rulings on overdraft fees there. With traditional straight back and stiff upper lip, the UK banking industry is prepared to answer the demise of overdraft fees with a reinstatement of ATM fees. Said one UK banking spokesperson, “We are an industry, not a charity. People have to remember that it does not cost nothing.”.

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New Overdraft Regs Are Coming — So What Do We Do About It?

11.23.2009
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Brendan gave a great outline of the new overdraft fee regulations coming into effect in the US in 2010. Given, these are the new Fed rules and we haven’t yet heard what the damage will be from legislation pending in Congress, but at least we have something to work toward now. But what does that mean? In my estimation, banks have four options for how to address the new legislation.

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