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Overdraft and ATM Fees Rise, As Economy Slumps: Upping overdraft and ATM fees has become the new strategy for many banks caught in the downward economy. Is it worth the bad taste it leaves in consumers' mouths?

Consumers are always wary of being nickel-and-dimed to death, and thanks to the current economic malaise, more banks are heading in that direction. Many of the biggest banks are raising fees for ATM usage and overdrafts, which analysts say isnt such a bad idea.

Bank of America recently raised its overdraft fee (also called NSF for non-sufficient funds) to $25 from $20 for the first day, and $35 for each subsequent day. First Horizon raised its NSF fee to $35 from $32. Washington Mutual upped its overdraft to $34 from $32 in most states. Citibank now also is charging a $3 ATM fee for non-customers, as is BofA, which raised its surcharge last July.

Bank of the Sierra, a ...

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