CashNet USA

Does this scenario seem fair? Payday loan companies are being restricted in many states, while banks continue to charge consumers outrageous fees. In fact, according to Daily Finance, the amount of profits banks enjoy from charging overdraft fees has doubled since 2000!

If you are a customer at Bank of America, if you overdraft only $6, you will get hit with a $35 overdraft penalty - and you can be charged 10 overdraft fees a day. Can you imagine paying $350 dollars in overdraft fees simply because you wrote $60 in bounced checks?