A mere four months ago, the Biden administration capped bank overdraft fees at $5. There was just one catch: The cap wouldn’t take effect until October. It now appears the cap will never take hold.

Overdraft fees average about $27 per transaction according to Bankrate’s 2025 checking account survey, but many major banks have eliminated or reduced these charges. Capital One, Citibank, and Ally ...

Bank overdraft fees, pricey penalties charged to customers who overdraw their accounts, face a $5 cap under new rules released by federal regulators. The cap on bank overdrafts continues a campaign ...

Donald Trump, Elon Musk and the GOP want to reduce the authority of the CFPB, the agency behind a 2024 rule limiting overdraft fees. Money; Getty Images Many Americans celebrated last year when ...

TSB Bank has been fined 10.9 million pounds (U.S. $14,2 million) for treating retail customers poorly while they were in arrears on mortgages, credit cards, loans and overdraft accounts, the Financial ...

There may be nothing quite like the sting of being fined for not having enough money. Both checking accounts and savings accounts can sneak in and charge overdraft fees when you least expect them, so ...

When you use more funds than you have in your checking, savings, or money market bank account, you can end up with a negative balance. That can lead to your bank declining future transactions. If you ...