Why are Banks Cutting Overdraft Fees?

Huntington announces sharp reduction in fees as industry focus shifts

Photo by Christian Wiediger on Unsplash

Columbus, Ohio-based Huntington Bancshares announced this week it will cut the cost of an overdraft fee by about 60% starting in April. The bank also plans to reduce the fee it charges when a customer’s transaction is rejected due to insufficient funds. Both fees will go from a…