overdrafts

At $32 a pop, the overdraft fees at the Heartland Cafe in Chicago kept adding up. During the past 18 months -- the tally had reached $118,000, or about 3,600 separate charges. That's about 200 overdraft charges per month. Co-owner Michael James says he finally realized about six months ago that...

If you have an unfortunate history of racking up overdraft fees and you live anywhere near a Huntington National Bank, you may want to open an account there. Last week, the bank, which has locations in Ohio, Indiana, Michigan, West Virginia, Kentucky and Pennsylvania, announced a new policy on...

If you feel like your bank really, really wants you to opt-in for overdraft protection, it isn't your imagination. The official date -- August 15 -- for opting in or out of overdraft fees has passed. Meaning, thanks to new regulations passed by the Federal Reserve, if you haven't agreed to allow...

If you're fed up with overdraft fees, you're not alone. During a telephone press conference held earlier this afternoon, which I sat in on, Consumer Federation of America released the results of a national poll today showing that (surprise) just about everyone wants limits and additional...

Let's get the obvious out of the way first: We don't want you to overdraw your checking account. Spending more money than you actually have is not ideal, to say the least, and always winds up costing you more -- sometimes much more -- in the long run. But banks made more than $38 billion in...