Biz: J. P. Morgan Chase and Bank of America stop leaning on overdrafts
- Bank of America and Chase will limit the number of times you can get nicked by overdraft fees in a day. source
- If you go under your limit by less than $5 (Chase) or $10 (Bank of America), you won’t get overdraft fees. source
- Best of all for Chase customers, they will no longer charge overdrafts in order of cost, highest value first. source
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