Anyone wondering why JPMorgan Chase & Wells Fargo are holding stimulus checks until March 17, look no further than this. Each bank makes around

Anyone wondering why JPMorgan Chase and Wells Fargo are holding stimulus checks until March 17, look no further than this. Each bank makes around $5,000,000 per day on overdraft fees.

Since this is getting some attention, I’ll just say:

1. Banks, take a hard look at your overdraft fees and policies

2. Please keep wearing a mask until this is over 😷

3. Please be kind to each other and especially grocery store workers

— john 🌵 (@johnlaf13) March 14, 2021

Banks will collect more than $30 billion in overdraft fees this year. Here’s how to avoid them
https://www.cnbc.com/2020/12/01/banks-will-get-30b-in-overdraft-fees-this-year-heres-how-to-avoid-them-.html

Banks Took $11 Billion in Overdraft Fees in 2019, Group Says
https://www.nytimes.com/2020/06/03/business/banks-overdraft-fees.html

h/t McDonald Trunalimunumaprzure