Late last year FDIC issued its Study of Bank Overdraft Programs, a massive report based on a 2007 survey of 462 banks of all sizes. Key findings: Nearly eight in ten banks offering automated overdraft service promote it. More than half of the survey sample (54%) use a vendor's program to run their offering, and, of those banks, seven in ten pay their vendors based on a percentage of new fees generated. FDIC reported that the banks generally paid the vendors 10%-20% of additional fees generated.
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