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Stock impact report

Banks that have cut or eliminated overdraft fees [Yahoo! Finance]

Discover Financial Services (DFS) 
Last discover financial services earnings: 4/22 05:35 pm Check Earnings Report
US:NYSE Investor Relations: investorrelations.discover.com
Company Research Source: Yahoo! Finance
An overdraft fee is charged when you don't have enough money in your bank account to cover a debit -- the average charge is around $29. Some banks deny transactions when you don't have enough funds to cover them. Some banks offer a 24-hour grace period to restore your account to a positive amount. Many banks are moving away from charging overdraft fees, helping you avoid the costly fee entirely. Overdraft fees are becoming less of a headache for many bank customers, as more banks move to reduce or eliminate such fees. The trend comes at a time of increased pressure from federal regulators and consumer advocates to curb overdraft fees, which recently averaged more than $29 each instance, according to Bankrate's most recent checking account and ATM fee survey One bank that was ahead of the curve was Discover Bank , which has a history of not charging overdraft fees. It also which eliminated insufficient funds fees for all of its bank accounts in 2019. More recently, various Show less Read more
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