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I will believe it when it happens but in a move by some of the major banks, they are dropping over draft fees.  This has to be some kind of doubel reverse psychology to get us to over draft more.  HAHA…

Here is a list of the banks and when they are making the move:

Bank of America
Starting in October:

No fee when an account is overdrawn by less than $10 a day. *

The maximum number of overdraft fees per day will be four, down from 10.

The initial overdraft fee remains $35.
Starting in June:

New customers will need to opt into the overdraft program.

An annual limit for the number of times customers can overdraw accounts with debit cards.

Customers who reach the annual limit will have overdraft ability restricted.

JP Morgan Chase
Starting early next year:

No fee when accounts are overdrawn by $5 or less. *

The maximum number of overdraft fees per day will be three, down from six.

New and existing customers will need to opt into the overdraft program if they want it.

The initial overdraft fee remains $25.

PNC Financial
Starting in October:

The fee for the first overdraft in a 12-month period will be $25, down from $31.

The $15 setup fee for overdraft program is being eliminated.

Wells Fargo & Co.
Start date to be determined:

No fee when an account is overdrawn by $5 or less. *

The maximum number of overdraft fees per day will be four, down from 10.

Customers will also be able to opt out of overdraft coverage.

The bank could not immediately supply the initial overdraft fee.
* Accounts must be brought into balance within a set number of days to avoid fees.

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