"The charges mostly relate to overdraft fees"

As we near a recession, the kicking of the working class continues.

Yes, how silly of the banks to enforce the rules you agree to when you open an account. That the banks are making a profit off of the overdraft rules is more a sign of failure to understand the tool being used or a belief that they are immune to the consequences. IMO we would be a better country if adherence to accounting principals in our finances were the norm. Bankruptcy is not a beautiful tool, and if you take on debt, don't screw those you borrow from and renig on your word.

I taught middle school math for a trimester. In addition to the standard curriculum, I would do exercises involving personal finance and investing, including balancing a check book, (dating myself here,) and calculating the cost of buying on credit without payment in full monthly. At home I taught our kids about delayed gratification and want vs need when it came to purchases, and budgeting for those purchases. These days people are given the expectation that they can have it all NOW, take out tens of thousands of dollars in loans, just to have the Gov't forgive the debt, and college kids are hounded with credit offers with the hope that they will run up that debt and be subject to crazy interest rates. Neither the predatory lending, nor the failure to understand what you are signing up for and failure to follow through with the consequences are acceptable.

IP