WASHINGTON ― The Biden administration on Wednesday proposed a new consumer-protection rule aimed at cutting expensive overdraft fees that banks charge − to perhaps as low as $3 − as part of President ...

The Biden administration is proposing a new rule that could limit bank overdraft fees to as little as $3. The proposed regulation unveiled by the Consumer Financial Protection Bureau in tandem with ...

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 ...

It happens to the best of us: life gets extra busy and you accidentally overdraw money from your checking account. Maybe you didn't have time to balance your checkbook, mindlessly overspent or didn't ...

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.

Overdraft fees could fall from $35 to as low as $3 under a proposed rule. Tens of millions of Americans who overdraft on their bank accounts each year may soon enjoy major relief. The government ...

Overdraft fees occur when your account has a negative balance due to a withdrawal, transfer or debit. Overdraft fees can be costly, but some banks have eliminated them or cut them. It's important to ...

Overdraft fees can be an expensive and frustrating surprise, especially if you’re not aware of your bank’s policies. If you have a Chase checking account, understanding how Chase overdraft fees work ...