Big Banks Targeting Consumers for Overdraft Fees

http://www.flickr.com/photos/thunderchild5/379935848/

Hot on the heels of yesterday’s post about how big banks are digging their own graves with their incessant nickel-and-diming and bad service comes this bank news: “Regulation E offers aggressive bank marketers opportunities to maintain or even increase revenues from their overdraft programs.”

That’s right. Instead of acknowledging that consumers don’t want to get screwed when they use their cards, banks are strategizing how to increase revenue from NSF fees. Maybe it is time to look for an online bank, after all.