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Wednesday 11 May 2016

Three Painful Bank Fees Auto Insurance


We’ve always known that Auto Insurance banks make major money off fees. Just how much has often been tricky to say, but for the first time last year, the nation’s largest banks were required toIn 2015, 628 banks subject to the new reporting rules revealed that they made more than $11 billion in overdraft and nonsufficient funds fees, accounting for 8% of their total net income. The nation’s three largest retail banks — Wells Fargo, Chase, and Bank of America — made a whopping $6 billion in overdraft and ATM fees in 2015.

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