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Overdrafts no longer a nightmare

Overdrafts no longer a nightmare

Banks have always been a person’s best friend, or worst enemy. And lately, banks have not been enjoying the limelight during the economic recession and the public’s ire at being bailed out while other industries were left to go bankrupt, leaving the banks to reassess many of their policies that, while it benefitted them during the economic boom, now are dragging them down, such as overdraft fees. Bank of America is one of two banks that have been in the news lately for reducing overdraft fees, along with JPMorgan Chase.

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