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The final nail in the coffin for me was when Bank of America not only charged an overdraft fee for each insufficient charge, they arranged the order highest to lowest coming out that day to maximize the potential fees.
My credit union will also charge a fee for an overdraft. One penny if I can get money in that day to cover it, and they give me a warning so I can do just that.
That was the exact reason I left BoA and joined a credit union. Plenty of other good reasons to do it, but that actually got me motivated enough to make a switch.
Wells Fargo perfected this stacking ruse.
As did Chase
Yeah, I believe it. Who's going to turn down grifting the Middle class.
I feel like there was also a plan in place that they make a nice stack against your account on a Friday. You wouldn't be able to do anything to prevent it happening after hours. I may be mistaken but it was hard to keep up with how shady Wells Fargo was in the early ninties.