Banks Inside Walmart Stores Lead Nation In Raking In Fees From Customers

“The CEO of Texas-based Woodforest bank, with more than 700 Walmart locations, tells the Journal that around 78% of his bank’s $271 million in fees comes from overdrafts.

While some bank customers look at overdraft fees as a low-cost alternative to payday lending — allowing them to bounce a check for a couple hundred bucks then pay a fee for the privilege a week or two later — when you actually do the math, there isn’t much difference.”

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