The Biden administration is proposing a new rule that could limit bank overdraft fees to as little as $3. The proposed regulation unveiled by the Consumer Financial Protection Bureau in tandem with ...

David McMillin writes about credit cards, mortgages, banking, taxes and travel. Based in Chicago, he writes with one objective in mind: Help readers figure out how to save more and stress less. He is ...

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 ...

Congress overturned a cap on bank overdraft fees, many of which exploit the desperate need of working families for short-term ...

Forbes contributors publish independent expert analyses and insights. True Tamplin is on a mission to bring financial literacy into schools. Overdraft fee is a penalty banks impose when a transaction ...

Since President Biden took office in January, several U.S. banks have announced major business changes that will reduce the amount of revenue they generate from overdraft fees. Other banks have ...

Depositing surplus funds in an overdraft-linked account reduces the loan balance and helps save interest over time ...

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 ...

If you are like most people, you have probably experienced overspending the amount of money in your checking account by writing a check for more than the amount that is in there. That is typically ...

Overdraft protection can help you avoid fees if you overdraw your account. But there are a few drawbacks to keep in mind. David McMillin writes about credit cards, mortgages, banking, taxes and travel ...

Overdraft protection has become Washington’s latest punching bag. Sens. Elizabeth Warren (D-Mass.), Bernie Sanders (I-Vt.), and Richard Blumenthal (D-Conn.) are again criticizing banks, credit unions ...