If you spend more money than you have in your checking account, your balance will go negative, and your bank will charge you an overdraft fee. Overdraft protection is a feature offered by many banks ...

The Senate voted early on Thursday to overturn a rule that limited most bank overdraft fees to $5 — and was set to save Americans billions of dollars annually. The rule, which was enacted by the ...

A mere four months ago, the Biden administration capped bank overdraft fees at $5. There was just one catch: The cap wouldn’t take effect until October. It now appears the cap will never take hold.