Add Yahoo as a preferred source to see more of our stories on Google. When you open a new checking account, you'll have the option to sign up for overdraft protection. Bank representatives often tout ...

Overdraft protection has been a critical component of financial services for decades, originally instituted to provide an emergency safety net for credit union members. Since its adoption, the opt-in ...

Whenever you withdraw more money than you have in your checking account, you may be subject to overdraft fees. Overdrawing your account can be costly if you perform multiple transactions per day.

If you spend more money than you have in your checking account, your balance will go negative, and your bank will charge you an overdraft fee. Overdraft protection is a feature offered by many banks ...

In an article published Tuesday, The Wall Street Journal quoted Consumer Financial Protection Bureau director, Richard Cordray who said, in a conference call, “Overdraft services began as occasional ...

There's a tug of war stewing between U.S. banks and a leading national consumer group, which has proposed a significant reduction in the fees lenders can charge consumers who spend more money than ...

More than one-fourth of bank customers plan to pay for ATM and debit card overdraft protection under new rules taking effect this month that require consumers to opt in to receive the services, ...

Citigroup is saying goodbye to overdraft fees, making it the biggest US bank to pledge to eliminate the controversial charges. By this summer, Citi plans to get rid of overdraft fees, non-sufficient ...