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How Banks Swindle $1,944,000,000 Per Year (Infographic)

billshrink.com — This chart sheds some light on the incredibly profitable bank practice of offering automatic overdraft “protection.”

Who dugg this?

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13 Comments

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  • jboitnott, on 06/19/2009, -0/+15When I see things like this it makes me so sad that bankers got such a huge portion of the federal bailout.
  • hbyrne, on 06/19/2009, -2/+12Why am I suddenly craving pie? 1,944,000,000 pieces of it, that is.
  • MargotCross, on 06/20/2009, -0/+7this pisses me off. or maybe im just pissed im not a banker?
  • rossnyc, on 06/20/2009, -0/+4Simple solution..don't spend money that you don't have.
  • madeingermany, on 06/20/2009, -0/+3It's a bargain! You take out 20$ and they only charge you 175% interest.
  • Ymeg, on 06/20/2009, -0/+3Read your contracts, and don't spend non-existent money.
  • TaeKwonDonkey, on 06/20/2009, -0/+2this is interesting because i don't make that much money
  • shig, on 06/20/2009, -0/+2charges for over drafts > charges for check fraud
  • GaltShrugged, on 06/20/2009, -0/+2That makes too much sense!!! It's weird how these "people" are victims. I've never paid a fee to the bank ever. I remember the last time I signed up for a bank account they asked me if I wanted overdraft protection. I said no. It was a pretty simple thing to do.
  • borez, on 06/20/2009, -1/+3When are people going to wake up to the fact that banks are out to rip you off, that's how they make their money, that's why a newly bankrupt person is their best customer.

  • madeingermany, on 06/21/2009, -0/+1Well, that's the problem - they don't tell you that you don't have the money. They just give you a loan that you might not even want.

    At least 77% of people polled said they'd rather have the transaction declined...
  • kapoloma, on 06/20/2009, -0/+1because it all goes to them.
  • CaliforniaEagle, on 06/20/2009, -1/+1sly crooks...seeing ***** like this makes me sick!

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