Based on data collected by NerdWallet writers, the average overdraft fee is $17. While some banks and credit unions have moved away from overdraft charges, many institutions still impose steep fees.
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Banks that have cut or eliminated overdraft fees
Overdraft fees average about $27 per transaction according to Bankrate’s 2025 checking account survey, but many major banks have eliminated or reduced these charges. Capital One, Citibank, and Ally ...
Gabriela Walsh is a Certified Educator in Personal Finance® and a personal finance editor at Red Ventures. Her previous work experience includes various editorial positions at FinanceBuzz. She ...
Key insight: Certain large U.S. banks reported an uptick in overdraft-related revenue during the first three quarters of 2025. What's at stake: Though the increases coincide with the Trump ...
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