Back to Search Start Over

DON'T O.D. ON OVERDRAFT.

Authors :
Stern, Linda
Source :
Newsweek. 7/12/2004, Vol. 144 Issue 2, p68-69. 2p. 1 Color Photograph.
Publication Year :
2004

Abstract

Discusses bounce-protection plans for low-income customers who don't qualify for traditional overdraft credit lines. Fact that instead of charging interest on the money advanced, these accounts levy hefty flat fees; Hope among consumer groups that the Federal Reserve would block these plans; Importance of looking for a bank that offers market interest rates to cover bounced checks instead of fees.

Details

Language :
English
ISSN :
00289604
Volume :
144
Issue :
2
Database :
Academic Search Index
Journal :
Newsweek
Publication Type :
Periodical
Accession number :
13648110