Overdraft news and trends

Congressional Actions Against CFPB Overdraft, Digital Payments Rules May Spur Financial Services Innovation

March 06, 2025
Canada’s Federal Budget Aims to Curb Overdraft Fees
Bank Regulation // April 18, 2024

Canada’s federal budget, released this week, includes a proposal to limit the fees that banks charge customers for overdrawing their accounts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Chime Extends Fee-Free Overdraft Feature to Credit Builder Card
Personal Finance // March 25, 2024

Chime’s fee-free overdraft feature, SpotMe, is now available when members use the Chime Secured Credit Builder Visa Credit Card, in addition to debit card purchases and cash withdrawals. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

UK Cost-of-Living Crisis Behind Overdraft Usage Surge
Economy // December 01, 2022

Overdraft usage in the U.K. has increased by 7.1% since August 2021. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...

How FIs Can Ease Unbanked And Underbanked Consumers’ Challenges And Bridge The Financial Inclusion Gap
Faster Payments // July 09, 2021

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...

Quick Reads
Chime Extends Fee-Free Overdraft Feature to Credit Builder Card

March 25, 2024
Chime’s fee-free overdraft feature, SpotMe, is now available when members use the Chime Secured Credit Builder Visa Credit Card, in addition to debit card purchases and cash withdrawals. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily […]

BOA Pays $66.6M To Settle Overdraft Fees Lawsuit

November 03, 2017
Bank of America has reached a settlement in a lawsuit over extended overdraft fees, agreeing to pay consumers $66.6 million. Get the Full Story Complete the form to unlock this...

TCF Sued By CFPB Over Overdraft Fees

January 20, 2017
TCF National Bank is getting sued by the Consumer Financial Protection Bureau (CFPB), which contends that the bank tricked consumers into overdraft services that were very costly. Get the Full...

CFPB Looks To Regulate Overdrafts In 2017

January 03, 2017
The CFPB is casting a critical eye on overdraft fees charged by banks — despite facing an uncertain future in the Trump administration. Get the Full Story Complete the form to...