Christmas Episode - 3 Year Anniversary Episode: Chase Announces New Overdraft Policy - Why It Doesn't Work

<p><strong>On this special XMAS Edition of The Notorious Banker, which also celebrates 3 years in podcasting, we discuss Chase and how they rolled out a new overdraft policy made to "help" customers.</strong></p> <p><br></p> <p><strong>Detroit Free Press Article</strong></p> <p><a href="https://www.freep.com/story/money/personal-finance/susan-tompor/2021/12/08/chase-bank-overdraft-fees-assist/8886802002/" target="_blank"><strong>https://www.freep.com/story/money/personal-finance/susan-tompor/2021/12/08/chase-bank-overdraft-fees-assist/8886802002/</strong></a></p> <p><br></p> <p><strong>We discuss how the new grace period will only lead to even more debt for those in need, how getting your paycheck 2 days earlier is a marketing ploy rather than actual help, and the big one, Chase is giving you a $50 buffer without penalty for overdrafts, which will help a small fraction of people, leaving the rest who overdraft on large payments like rent, phone, car payment, etc, to overdraft the same way.</strong></p> <p><br></p> <p><strong>It simply doesn't work and I will tell you why.</strong></p> <p><strong>Plus we acknowledge 3 years of this podcast with commentary at the end. Thanks to the listeners for sticking with me in 2021!!!</strong></p> <p><br></p> <p><strong>TNB Has recovered nearly $2 Million from big banks back to consumers, with nearly $500k of it being Zelle fraud!</strong></p> <p><a href="https://www.amazon.com/gp/product/B09KNCY4S8?pf_rd_r=SG9RN8B36611DCHG7KFN&amp;pf_rd_p=1ab92b69-98d7-4842-a89b-ad387c54783f&amp;pd_rd_r=73d791cb-dfa7-41d4-bac2-9188c72cc508&amp;pd_rd_w=fr0Wr&amp;pd_rd_wg=Hd810&amp;ref_=pd_gw_unk"><strong>Buy My Book "PLEASE TRY YOUR CALL AGAIN LATER"!!! $1 of Net Proceeds will go to charity.&nbsp;</strong></a></p> <p><a href="http://www.thenotoriousbanker.com/"><strong>TheNotoriousBanker.com (Links to YouTube, my book's page, podcast links, and how to contribute by Venmo/Cashapp and much more!!!)</strong></a></p> <p><em><strong>MY PATREON Page! For as little as $1, you can help James in his fi