Why are Banks Cutting Overdraft Fees?

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…

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Andy Spears

Andy Spears

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