Bank of America slashing overdraft fees l ABC News

The major U.S. bank will cut overdraft fees from $35 to $10 after pressure from consumer advocacy groups.

#ABCNews #BofA #OverdraftFees #BankofAmerica

Bank of America slashing overdraft fees l ABC News

The major U.S. bank will cut overdraft fees from $35 to $10 after pressure from consumer advocacy groups.

#ABCNews #BofA #OverdraftFees #BankofAmerica
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  • Comments

    Khoury 2ss says:

    Should’ve been done that.. cost me $105 the other day for 3 of them back to back

    L K says:

    Call customer service and see if they’ll reverse them for you. I’ve been with them for 23 years. I hate the fees, but I love their customer service. If you ask them nicely, they’ll usually do it. Especially if they’re stacked up like that.

    CoolCalmChris says:

    ABOUT TIME!!! I’ve been a member and they barely give you a break from a fee! God heard me complaining. 😅 life hasn’t been easy lately

    J A says:

    Would be better if they returned all the late fees to people who needed that money 🤦🏻‍♂️ hopefully they don’t go bankrupt. Those fees make them millions

    Words_matter says:

    They make plenty of money off of the other money they lend & charge interest on…our money to begin with.

    All those extra fees is pure greed. They will be fine.

    jlbueno0611 says:

    Dnt be late … and set up your account with an overdraft lock so that you never go over…is really simple now that everything is on the phone app.🤷🏻‍♂️

    ceanne0218 says:

    Agreed

    ceanne0218 says:

    Agreed

    Karen Fyhr says:

    Billions!

    Ardent says:

    Now they change it?! I suffered with them for almost 10 years paying those $35 fees. I left them in 2016.

    Jason Vegan says:

    Should’ve been done years ago, but profits tho

    Puff Daddy aka P Glizzy says:

    “That ain’t a slash, that’s a scratch”

    Abstract Flair Digital Art says:

    I wish they would also dump the silly 3% international transaction fee … which they started imposing several years ago. This caused everyone to move over to Capital One and Charles Schwab.

    K J says:

    Yes Lord! BOA is awful! They have the nerve to thank me for having an acct with them for 27 years! Right after they charged me two overdraft fees of 35×2 for a overdraft amt of $4.00. I have always taken care of the overdraft. They know I am disabled the SSDI direct deposited into said acct. Before I got sick I worked full time and same said acct had direct deposited my checks! I am poor in resources but I am sorry BOA that I was stricken with Multiple Sclerosis no fault of my own! Be nice if they refunded our money! God bless everyone. Thank you for listening!

    jlbueno0611 says:

    Lock the overdraft setting in your account, so that you never go pass it . That cancels any overdraft fees 🤷🏻‍♂️

    DoctorLegion says:

    How do you do this in the mobile app?

    jlbueno0611 says:

    @DoctorLegion depending on your bank account, and phone , there’s a setting if you scroll down and allows you to opt in or opt out of overdrawing access . Meaning you can only use what you have in the account and the card will get declined if you dnt have enough…to the exact penny.
    And if it’s not on the app, you can call or go and ask a representative at the bank to lock you out of being able to pay for anything if you dnt have enough in your balance.
    Cause if you dnt opt out, and you still try to use the card knowing you dnt have enough money ,or have a limited amount, you are gambling against the house, and the house never loses . 🤷🏻‍♂️

    Andrew Smith says:

    You must have weekly direct deposits to avoid maintence and overdraft fees. BOA is the worst bank in America.

    MrManny says:

    Is that suppose to be a feel good move? 10 dollars for the poor is still a lot of money.

    Mahogany Wilson says:

    I had $600 in overdraft fees this month on accident I was sick to my stomach

    Krista 💋 I WANT SЕХ 🔞 F Uc_k me says:

    Now they change it?! I suffered with them for almost 10 years paying those $35 fees. I left them in 2016.

    Karen Fyhr says:

    I Left Bank of America 15 years ago because of their excessive fees which I always found ridiculous.
    Especially an overdraft fee charging an account holder a ridiculous amount who is obviously having financial difficulty.

    gendo1kar1 says:

    They also charge you if you deposit over a total cash amount, and a total monthly amount.

    Benito Salazar says:

    B of A was the first bank I ever used. Did away with them a few years later because of all their fees and nonsense. They should have done this in the 1990s. They would have more customers today.

    Ruby 🔥 𝐆𝐨 𝐓𝐨 𝐌𝐲 𝐂𝐡𝐚𝐧𝐧𝐞𝐥 [𝐋!𝐯𝐞] says:

    Lock the overdraft setting in your account, so that you never go pass it . That cancels any overdraft fees

    Lyda 🔥 𝐆𝐨 𝐓𝐨 𝐌𝐲 𝐂𝐡𝐚𝐧𝐧𝐞𝐥 [𝐋!𝐯𝐞] says:

    I Left Bank of America 15 years ago because of their excessive fees which I always found ridiculous.
    Especially an overdraft fee charging an account holder a ridiculous amount who is obviously having financial difficulty.

    SIMONA-𝔽**СК МЕ - СНЕℂ𝕂 𝕄𝕐 Рℝ𝟘𝔽𝕀𝕃Е💛 says:

    I Left Bank of America 15 years ago because of their excessive fees which I always found ridiculous.
    Especially an overdraft fee charging an account holder a ridiculous amount who is obviously having financial difficulty.

    REHANA- 👈𝓕**СК МЕ - СНЕ𝓒𝓚 𝓜𝓨 Р𝓡0𝓕𝓘𝓛Е 💗 says:

    I Left Bank of America 15 years ago because of their excessive fees which I always found ridiculous.
    Especially an overdraft fee charging an account holder a ridiculous amount who is obviously having financial difficulty.

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