The average overdraft fee costs consumers $35 per infraction, which makes it an inconvenient and frustrating part of day-to-day banking for many people. But some major banks — Capital One, Bank of America, Truist, U.S. Bank and Wells Fargo — have made recent moves to reduce or eliminate overdraft fees for their customers. In 2019,…
The article Why Banks Are Eliminating Overdraft Fees originally appeared on NerdWallet.
https://www.nerdwallet.com/article/banking/why-banks-are-eliminating-overdraft-fees
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