Wednesday, March 12, 2014
Thursday, March 6, 2014
Authored by Dr. Lachin Hatemi
Published by www.KultureKritic.com
Unlike other major banks, M&T Bank
Low-income customers in densely populated urban areas can be surprisingly fertile grounds for a bank to exploit for profits. The dirty secret of the banking industry is the overdraft fee – the infamous $37 penalty, which a bank can levy on your account every single time you overdraw it.
Do not underestimate overdraft fees. It is big business for banks, generating more than $32 billion for the industry in 2013 alone.