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.

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 ...

A Biden-era federal rule that would have capped bank overdraft fees at $5 and was expected to save Americans billions annually was struck down Wednesday by the GOP-controlled House of Representatives ...

Banking trade groups celebrated the imminent demise of the overdraft fee limit, which had been scheduled to take effect in October. Those groups have argued that capping overdraft fees would have ...

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 ...

The bank claims it will waive the $35 overdraft fee if the account is brought to a positive balance by 11 p.m. the next business day. However, in a lawsuit filed Thursday, the plaintiff alleged that ...