From the category archives:

Banking

Bank of America Ceasing Debit Overdraft Scheme

March 10, 2010

Bank of America … will simply no longer allow debit card purchases to go through if there isn’t enough money in the account.
For ATM transactions, customers who try to withdraw more than their balance will have to agree to pay a $35 overdraft fee before they can get the money…
The bank’s new [...]

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