Tagged: overdraft

House Financial Services Committee to Hold Hearing on Federal Banking Proposals

The Financial Institutions & Monetary Policy Subcommittee, part of the House Financial Services Committee, has scheduled a hearing on banking regulation. The hearing is entitled Rules Without Analysis: Federal Banking Proposals Under the Biden Administration. While there is no information regarding the specifics of the… Read More

Ally Bank Eliminates All Overdraft Fees

  U.S. digital banking group Ally Bank announced on Wednesday it has officially eliminated overdraft fees on all accounts. The bank revealed that every Ally Bank customer is eligible and there are no requirements or restrictions. The elimination of overdraft fees notably is the latest… Read More

UK’s Starling Bank Explains how their Overdraft Facility can Serve as Short-Term Safety Net for Clients

UK-based digital bank Starling notes that their overdraft can serve as a short-term “safety net” for eligible or qualified personal customers. The Starling Bank team writes in a blog post that if you don’t have enough funds in your account to cover essential payments or… Read More

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