Bank of America announced it will reduce the price of overdraft fees. Starting in May, the company said the price of an overdraft fee will go from $35 to $10. The bank also plans to eliminate ...

Bank of America, the second largest bank in the United States, announced that policy changes enacted earlier in the year have shown a recent drop in overdraft fees by 90 percent. The bank announced on ...

The bank said that these changes will lead to overdraft fees being reduced by 97% from 2009 levels. “Over the last decade, we have made significant changes to our overdraft services and solutions, ...

In 2023, the Consumer Financial Protection Bureau (CFPB) reported that its actions had contributed to the widespread, but not total, elimination of non-sufficient funds fees, saving bank customers ...

After several years of steady declines, overdraft charges at the country's largest banks are climbing again, pulling billions ...

Fourteen of the largest U.S. retail banks posted jumps in the income they generated from overdraft and bounced-check fees during the first nine months of the year, while two big banks reported sharp ...