Why are Banks Cutting Overdraft Fees?

Huntington announces sharp reduction in fees as industry focus shifts

Andy Spears

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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…

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Andy Spears

Writer and policy advocate living in Nashville, TN —Public Policy Ph.D. — writes on education policy, consumer affairs, and more . . .