Banks May Withhold Stimulus Checks To Cover Overdraft Fees

Some intended COVID-19 stimulus beneficiaries won’t see any money the federal government sends them through direct deposits because unpaid overdraft fees will more than consume newly injected funds, The New York Times reports. The Times reports that many larger banks have pledged to temporarily “zero-out” customers’ in-the-red accounts for around 30 days so the customers […]

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