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Bank of America Overdraft Fees Fell 90% Since Last Year. This Is Why.

·3 min read
Bank of America Overdraft Fees Fell 90% Since Last Year. This Is Why.

Banks make money by charging checking account fees. Bank of America recently announced that its overdraft fee revenue has fallen significantly since last year. An overdraft fee may be charged when you make a purchase or payment, and there isn't enough money in your checking account to cover it.