ED Magedson – Founder
Fifth Third Bank or 53.com 53 bankwww.53.com White lake, Michigan United States of America
Moebs Services collected data from 2,000 banks and credit unions, and the firm found that 44.5% reported a net overdraft revenue higher than their net income. Fee hikes have helped banks boost profit amid the recession, Moebs said.
"Most people paying these fees have a credit score below 590 or so," Moebs said. "Beyond that, they're a whole gamut of people: rich and poor, men and women."
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This report was posted on Ripoff Report on 08/17/2009 01:26 PM and is a permanent record located here: http://www.ripoffreport.com/reports/fifth-third-bank-or-53com-53-bank/white-lake-michigan-48383/fifth-third-bank-or-53com-53-bank-may-cause-me-to-loose-my-house-because-of-massive-overd-481174. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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