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Overdraft fees, long associated with big banks, are big business for credit unions too

Dec 28, 2023
A first-of-its-kind California law shows how much credit unions receive in overdraft charges, which often burden low-income families.
A San Diego County Credit Union branch in Escondido, California. The credit union collected $18 million in overdraft fees in 2022.
Scott Rodd

Bank fees and minimum balances have risen to record highs, survey finds

Oct 20, 2021
The average minimum balance needed to avoid fees is now nearly $10,000
Overdraft fees are at an all-time high, according to Bankrate.
Mario Tama/Getty Images

Overdraft fees are hitting vulnerable communities the hardest

Jun 4, 2020
The fees can drive many out of the banking system entirely, experts say.
Cindy Ord/Getty Images

Chase is the latest to hike fee for its premium credit card and add lifestyle perks

Jan 9, 2020
The popular travel card is getting more expensive. But the bank is betting that new perks, designed to appeal to younger consumers, will make users stay on board.
Thomas Cooper/Getty Images

ATM withdrawal fees are getting pricier

Oct 3, 2019
Charges are especially high for using out-of-network machines.
Overdraft fees are at an all-time high, according to Bankrate.
Mario Tama/Getty Images

Retail banks ain't what they used to be

Sep 13, 2016
These days, banks have to do a whole lot more than take deposit and make loans.
Low interest rates have caused banks to expand their sources of income aggressively- allowing many to become one-stop shops for financial services. Some banks, like Wells Fargo, have taken these efforts too far.
Jessica Kourkounis/Getty Images

ATM fees continue to rise

Sep 29, 2014
Banks are making money by charging fees to customers of other banks.

For public good, not for profit.

Overdraft charges and fees aren't as profitable as they used to be

Sep 10, 2014
The banking industry is taking in fewer profits from fees, but that doesn't mean they're going anywhere.

Free checking accounts weren't making banks money. Go figure.

Feb 6, 2014
More and more banks introduce fees for checking accounts