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by x13 507 days ago
In 2023, JP Morgan Chase collected $1.1 Billion in overdraft fees

https://www.consumerfinance.gov/data-research/research-repor...

1 comments

I saw this and i thought it was wild but trust me from the inside that is just pennies. I promise.
Given a choice between having a billion dollars and not having a billion dollars, they're still going to choose to have a billion dollars.
I'm sure it's a lot more than it costs them to collect the fees.