Banks are backing off harsh overdraft fees and policies. That’s the good news. The bad news is they’ll probably look to make up that lost profit elsewhere. It’s a worrisome prospect for the vast majority of customers who never overdraw their funds and have grown accustomed to perks like free checking accounts. “Banks are going to have to get creative. Rather than generic free checking accounts, you’re going to see lots of different flavors of products,” said Bob Meara, a senior analyst with Celent, a Boston-based consulting firm for the banking industry.

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