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Overdraft

Citi Axes Overdraft Fees, Other Banks May Follow

Citi Axes Overdraft Fees, Other Banks May Follow

Citigroup is the latest – and the largest – bank to eliminate overdraft fees. Citi said yesterday it would eliminate the $34 overdraft charge this summer. Citi joins Ally Financial of Detroit and Capital One of McLean, Virginia, which scrapped overdraft fees earlier, as political pressure from progressive Democrats like Sen. Elizabeth
James R Hood Feb 25, 2022

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