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.

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

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

 

 

h/t McDonald Trunalimunumaprzure

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