The fed rate is at zero or nearly so. The fees that the bank charges are 99.9999999....% pure profit
Richard E. Quilhot C.N.A. [email protected] Retail Reporting Analyst for Flagstar Bank Pablo Picasso<http://www.brainyquote.com/quotes/authors/p/pablo_picasso.html> - "Computers are useless. They can only give you answers." On Thu, Oct 15, 2009 at 8:43 PM, Pete Theisen <[email protected]>wrote: > Hi Everyone, > > Does anyone know how much it really costs a bank to handle an $80 > overdraft for two days? They might charge $35, but what does it cost? > > My credit union hit me for $29 when my electric bill came in two days > before the Social Security Check last month. They refunded it when I > complained but they said the fed charges them for the funds, there are > computer costs, etc. > -- > Regards, > > Pete > http://pete-theisen.com/ > http://elect-pete-theisen.com/ > > [excessive quoting removed by server] _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
