Citi Announces Plan To Eliminate Overdraft Fees

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Citi has announced a plan to eliminate overdraft fees, returned item fees and overdraft protection fees by this summer. Earlier this month TD Bank announced the removal of overdraft fees for overdrafts of less than $50 and 24 hours to avoid overdraft fees of more than $50. Financial institutions are estimated to have made more than $15 billion in overdraft fees in 2019.



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