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Chase and Bank of America Revise Fee Policies

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ONE FOR THE LITTLE MAN
"Bank of America and JPMorgan Chase, two of the nation’s biggest banks, announced plans on Tuesday to drastically overhaul their debit card programs by lowering or eliminating fees, changing the way they credit transactions and allowing customers to opt out of overdraft protection," the New York Times reported. Beginning Oct. 19, Bank of America will stop charging any fees for customers who overdraw their accounts by less than $10 in a single day. Chase will cap the number of overdraft fees it charges a day to three.
SOURCE:   New York Times

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