Another Bank About to Reduce Overdraft Fees

Truist Bank says it is reducing its overdraft fees. It’s the latest big bank to announce a substantial overhaul of overdraft policies that often impact the most vulnerable customers. The North Carolina-based bank plans to roll out a new checking account this summer that will have a $100 buffer for customers who spend more than they have in their accounts. It will also create a line of credit for those who need to go further into negative territory. 

Author: Mike Jackson