At 3,640% interest, bank overdraft fees getting ridiculous


Bank overdraft fees are getting higher and more punishing than ever.

That's not news to anyone who regularly reads WalletPop, but in case you need more proof, the Consumer Federation of America has come out with a new survey, looking at overdraft fees charged by the nation's largest banks.

I don't think any of this will be a surprise to anyone who is aware of how punitive fees have become, but the information in the survey is interesting nonetheless.

So I thought I'd do a rundown, that comes from their survey, on what banks are charging for their overdraft fees these days. Incidentally, according to the CFA, as a nation, we're spending over $17.5 billion on overdraft fees.