Zero Dark Overdrafts Created by host on 6/8/2021 1:59:45 PM
Hopefully the Ally Bank move will help to lower the price of overdrafts by other financial institutions but not zero it out.
As COVID Forces a Revision of Pricing , Financial Services Falters
Lake Forest, IL (June 7, 2021) What do you think of something you get for nothing? This is what consumers are thinking in the latest overdraft mistake by Ally Bank who announced no overdraft fees on checking accounts.
“I was just in my favorite grocery store and was offered a small wedge of a new sandwich the deli was offering as a taste test promotion,” says Michael Moebs, economist and CEO of Moebs $ervices, Inc. an economic research firm. “They didn’t offer me the whole sandwich, and if they did, I wouldn’t have taken it questioning so much value for nothing or is this sandwich days old.” READ FULL ARTICLE