The average bank overdraft fee in the United States (U.S.) decreased for the second consecutive year in 2023 after four consecutive years of increased fees between 2018 and 2022. The average fee amounted to 26.61 U.S. dollars, down from 29.8 U.S. dollars in the previous year. The overdraft fee, also called non/sufficient funds (NSF) fee, is charged on bank customers when they don't have enough money on their account to honor incoming payment requests.
Average bank overdraft fee in the United States from 1998 to 2023
(in U.S. dollars)
Characteristic
Average fee in U.S. dollars
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The source adds the following information: The survey was conducted among a total of 10 banks and thrifts in each of 25 large U.S. markets; one interest checking account and one noninterest checking account, as well as their associated ATM fee policies, were surveyed from 245 financial institutions offering consumer checking accounts; 230 interest checking accounts and 232 noninterest checking accounts were surveyed between June 12 and June 30, 2023.
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Bankrate. (August 30, 2023). Average bank overdraft fee in the United States from 1998 to 2023 (in U.S. dollars) [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/325565/average-bank-overdraft-fee-usa/
Bankrate. "Average bank overdraft fee in the United States from 1998 to 2023 (in U.S. dollars)." Chart. August 30, 2023. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/325565/average-bank-overdraft-fee-usa/
Bankrate. (2023). Average bank overdraft fee in the United States from 1998 to 2023 (in U.S. dollars). Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/325565/average-bank-overdraft-fee-usa/
Bankrate. "Average Bank Overdraft Fee in The United States from 1998 to 2023 (in U.S. Dollars)." Statista, Statista Inc., 30 Aug 2023, https://www.statista.com/statistics/325565/average-bank-overdraft-fee-usa/
Bankrate, Average bank overdraft fee in the United States from 1998 to 2023 (in U.S. dollars) Statista, https://www.statista.com/statistics/325565/average-bank-overdraft-fee-usa/ (last visited September 01, 2024)
Average bank overdraft fee in the United States from 1998 to 2023 (in U.S. dollars) [Graph], Bankrate, August 30, 2023. [Online]. Available: https://www.statista.com/statistics/325565/average-bank-overdraft-fee-usa/