Finally: First Major U.S. Bank to Do Away with Overdraft Fees


One of the nation's biggest banks is getting rid of overdraft fees.Retail banking customers who belong to Capital One won't have to pay the fees that can be up to 35-dollars for each time it happens. A spokesperson for the company says it'll lose 150-million dollars in revenue each year because of the decision to get rid of the fees.

You can still get free overdraft protection despite this change. Some smaller banks like Ally Bank have already axed the fees.

Bank Teller Serving Customer Over Retail Banking Service Counter

Photo: Getty Images


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