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Article: Moebs Services Research: Retail Merchants' Bad-Check Fees Double Consumer Penalties for Overdrafts
- Article from:
- Wireless News
- Article date:
- August 4, 2009
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Wireless News
08-04-2009
Moebs Services Research: Retail Merchants' Bad-Check Fees Double Consumer Penalties for Overdrafts
Type: News
Consumers can expect to pay twice the amount they would normally be charged for a bank overdraft fee when they make a retail purchase with a bad check, according to a recent national survey by Moebs Services, an independent economic research firm.
Moebs further noted that its survey findings conclude that the median cost of a merchant overdraft charge is $25. Added to the median $26 overdraft charge from Main Street community banks and credit unions or the $35 overdraft charge from Wall Street banks, consumers will pay between $51 to $60 for writing a bad ...
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Article: Moebs Survey: Businesses See Rise in Checking Accounts Fees
Wireless News;
September 14, 2009 ;
504 words
... ... released from Moebs Services, an economic ... increase was led by Wall Street banks, those ... 92 percent of Wall Street banks offer account ... 000 listed on Wall Street and the exchanges ... estimates by Moebs Services. ((Comments ...
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