Charged an Overdraft Fee? Expect to Pay $35 at Banks, $26 at Credit Unions

NerdWallet, September 25, 2019

A night out to the movies. A new shirt. Groceries. These are all things for which many people would gladly fork over $35. But overdraft fees? Not so much. And yet, that’s the average fee the country’s largest banks charge customers who overdraw their accounts, according to a NerdWallet study. These fees occur when banks approve transactions that exceed an account’s balance. They are often assessed per transaction, so customers could face multiple fees in a day.

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