Overdraft fees have long been a sore spot for banking customers, especially those living paycheck to paycheck. While federal regulations have cracked down on unfair banking practices in recent years, some banks continue to charge overdraft fees that experts and even courts have deemed illegal. Despite growing scrutiny from regulators and consumer advocacy groups, these institutions persist, quietly draining billions from customer accounts each year.
Here’s how banks are still getting away with these practices, the tricks they use to make overdraft fees seem legitimate, and what you can do to protect yourself.
