Banks Making the Most From Overdraft and ATM Fees

Posted on June 17, 2015

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24/7 Wall St.

ATM machineWith the recession being receding into the past, many consumers are still coping with how they feel about their banks. Whether you bank at a community bank, a regional bank or money center bank, the reality is that bank customers want to know that they are not getting killed by banking fees every month. After all, it isn’t as if the savers are making any interest. Two areas that have been ongoing sore topics for the public are the fees that banks charge for ATMs and from overdrafts.

24/7 Wall St. has seen new data from SNL Financial regarding bank overdraft fees and fees collected by ATM use. It turns out that some banks are seeing a large portion of their non-interest income by charging overdraft and ATM fees. As a reminder, these became issues after the recession as consumers started to get a voice over how banks act.

SNL’s…

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