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  • Frank Tian

💸 Overdraft/NSF Fee Down in the US

CFPB reported the bank overdraft/NSF revenue down 48% in Q4 ‘22 vs. pre-pandemic in Q4 ‘19. That is about $5.5B in savings on an annual basis for consumers.


With the regulatory pressure and competition of fintechs, American banks have lowered their overdraft/NSF fees in 2022.


CFPB has listed bank fees as a policy priority - including overdraft/NSF fees and credit card fees.


Some banks switched to a subscription model - to make the cost reasonable while keeping a stable revenue source.


Source: CFPB


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