Regions Announces Elimination of NSF Fees, Reduced Overdraft Charges

Regions is latest in series of banks announcing changes to overdraft policy

Photo by Eduardo Soares on Unsplash

Birmingham-based Regions Bank announced this week it will soon eliminate non-sufficient funds fees and reduce overdraft charges. The move comes amid a flurry of banks taking steps to make banking more consumer friendly.

Truist Joins Banking’s Movement Away from Overdraft Fees | by Andy Spears | Jan, 2022 | Medium

Wells Fargo Joins Banks Eliminating NSF Fees

Bank of America to Reduce Overdraft Fees, Eliminate NSF Fees

In the announcement, Regions specifically highlighted the following forthcoming policy changes:

• Overdraft Protection Transfer Fees: These fees will be eliminated by the end of the first quarter of 2022. Such fees are incurred when money is transferred from linked accounts to cover overdrafts.