/Bank Announces End to Overdraft Fees

Bank Announces End to Overdraft Fees

The holidays came early for Capital One customers, with the bank announcing it will eliminate all overdraft fees and bring “humanity” back to banking.

“The bank account is a cornerstone of a person’s financial life,” said Richard Fairbank, Capital One’s Founder and CEO. “It is how people receive their paycheck, pay their bills and manage their finances. Overdraft protection is a valuable and convenient feature and can be an important safety net for families. We are excited to offer this service for free.”

WHAT TO KNOW

  • Customers can choose whether or not to access overdraft protection.
  • All customers currently enrolled in overdraft protection will be automatically converted to No-Fee Overdraft on the launch date in early 2022.

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