justired | 6:07 p.m. Nov. 12, 2009
the solution to outrageous bank fees?

don't use a debit card, and switch to a credit union.

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Lisa Poole, Associated Press

Customers use ATMs at a Bank of America branch office in Boston. The Federal Reserve has issued a new rule that will prohibit banks from charging overdraft fees on ATM and debit card transactions unless a customer allows it. The new rule will take effect July 1, 2009.

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