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March 10, 2010

No More Haggling - Bank Of America Set To Eliminate Overdraft Fees

One time, I haggled 10 overdraft fees down to 3, but BOA has decided to eliminate the need to argue your overdraft fees any longer, deciding that this summer they will get rid of such fees altogether.   This move was based on the goal of building trust among customers, but is also motivated by the once-struggling bank's need to stay ahead of Federal customer-protective legislation in order to limit administrative costs associated with timely compliance.