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Bank of America slashes fees for account overdrafts

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A Bank of America ATM is seen, Wednesday, Feb. 3, 2021, in Winchester, Mass. Bank of America is slashing the amount it charges customers when they spend more than they have in their accounts and plans to eliminate entirely its fees for bounced checks. The Charlotte-based bank will cut the fee it charges customers to overdraft to $10 from $35 starting in May 2022. (Elise Amendola/AP)

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