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Credit unions need to move on from overdraft fees, and here s how

Credit unions need to move on from overdraft fees, and here s how
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Banks look at overdraft fee alternatives

  In less than a week, Keri Fitzpatrick, a self-described lunch lady, was dinged for $175 she definitely didn’t have. A succession of automated payments over two days for her phone, two credit cards and car insurance pushed her TD Bank account into the red, socking her with $140 in overdraft fees. Then another unexplained fee surfaced Friday, even though her paycheck had landed and she couldn’t find any other pending charges. Fitzpatrick, 29, said she should’ve been paying closer attention she assumed she had more money in her account. But she still couldn’t believe how quickly the charges piled up.

American Express and Resy Launch Order In, Help Out Campaign to Boost Restaurant Takeout Sales

  NEW YORK–(BUSINESS WIRE)–American Express (NYSE: AXP) and Resy today launched a national campaign with a simple message: Order In, Help Out. As part of the Order In, Help Out campaign American Express and Resy are rallying consumers across social media to make #TakeoutTuesday a weekly occurrence. In addition, to help encourage Card Members to order out, American Express is introducing new dining offers on many of its cards. With more than half of restaurant owners in the U.S. seriously considering closing for good because of the pandemic, American Express and Resy are working to raise awareness about the positive impact of ordering takeout. According to the American Express Independent Restaurant Insight Study, 89% of small, independent restaurant owners say they depend on takeout orders to stay afloat. The study also estimated that the simple act of ordering takeout can generate, on average, more than $700 million in daily sales for the industry1.

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