CitiBank Agrees to Change Overdraft Policy
CitiBank recently announced a change to its overdraft policies. Beginning July 25, 2011, CitiBank will process checks from smallest to largest. Currently, most banks process checks from largest to smallest, which means that if a large check overdraws an account, then each smaller check will do so also, resulting in multiple overdraft fees. The median fee for overdrafts is $27, and many banks charge as much as $37 for each instance in which an item is processed while an account is overdrawn. The new CitiBank policy should help borrowers avoid multiple overdraft charges which disproportionately impact those living from paycheck to paycheck or on a fixed income.Share This
The law firm you choose makes a difference. If you are the victim of an accident or an illness that someone else caused, the North Carolina personal injury law firm of Martin & Jones has the depth of experience, skills and sensitivity to make your road to recovery as smooth as possible. Whether you have experience with the legal system or have never hired a medical malpractice or personal injury lawyer before, our attorneys and staff will do our best to answer your questions, provide clear advice and prepare you and your family for what to expect. If you would like more information or to meet with one of our attorneys, please fill out the form below or call us at 800.662.1234.