Quotes about bounced-check (2 Quotes)

These are not things that are subject to price competition. No bank is going to advertise low bounced-check fees.

Courtesy overdraft is controversial because, unlike other types of bounced-check protection, any money lent by the bank is taken out of the consumer's next deposit. The fees and the short time that's given to pay back the overdraft amount often translate to triple-digit interest rates, ... Banks have essentially gone into the business of payday lending.