Despite New Legislation, Overdraft Fees Remain a Problem

Despite the newly-introduced overdraft fee legislation that went into effect last year, checking account customers continue to pay billions in overdraft fees.

The reason that this trend has continued is that the new legislation still allows checking account customers to enroll in overdraft protection programs - and many of them do. Consumer knowledge about the potentially high cost of enrolling in such programs has likely improved a bit due to the new laws, but it has not been raised enough. The result: people still overdraw their accounts and pay the fees.

The best way out of this situation is to find banks that do not charge for overdraft protection.

For more, visit: http://www.escapeoverdraftfees.com.