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09 Jul 2009 20:57

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Biz: Where do banks really make their ill-gotten money? Overdraft fees

  • $20.5 billion the amount banks are expected to make from credit card fees such as overlimit fees in 2009, which will (fortunately) soon be regulated by the federal government
  • $38.5 billion the amount banks are expected to make from overdraft fees – fees that banks drive up by charging large items first, then small items – this year. This is bull$*&@. source