Pledging
These are the original issues in this subcategory
  • LIBOR RATES
  • CREDIT CARD FEES
  • BANK ACCOUNT FEES
Winning Issue » BANK ACCOUNT FEES


Overdrawing bank accounts cost consumers an average of $225 in overdraft fees per year, and more than double that amount for those who chronically overdraw their accounts. These non-sufficient fund fees (NSF) provide banks with about 60% of all consumer checking account revenue, or about $32 billion each year. Overdraft policies vary from bank to bank. Some banks limit customer’s NSF charges to two per day while others can charge as many as 5. Some don’t charge NSF fees for minor overdraws up to $5 while other charge for any amount overdrawn. In 2012, NSF fees ranged from $35 at large banks to $30 at smaller ones. Consumers complain these fees can often be much higher than the amount overdrawn, and can be caused by banks delaying the processing of their ATM deposits. Studies show 70% of all banks let customers overdraw their ATM accounts when a bank teller would not allow the transaction.


Pending Legislation: None




Polling Options

  • I oppose reforming current bank account overdraft protection policy, and wish to donate resources to the campaign committee of either Rep. Paul Ryan or Sen. Mitch McConnell
  • I support prohibiting an overdraft coverage fee if the overdraft results solely from a debit hold amount that exceeds the actual dollar amount of the transaction; requiring banks to provide consumers who have not consented to participate in an overdraft coverage program transaction accounts with the same terms as those provided to consumers who have to participate in such a program; prohibiting a depository institution from charging consented a non-sufficient fund fee for any ATM or debit card transaction; prohibiting a bank from reporting negative information regarding consumer use of overdraft coverage to any consumer reporting agency when the overdraft amounts and coverage fees are paid under the terms of an overdraft coverage program, and wish to either reintroduce H.R.1261 - Overdraft Protection Act of 2013 (113th Congress 2013-2014), or a similar version thereof, and also wish to donate resources to the campaign committee of Rep. Carolyn Maloney (NY) or to an advocate group currently working with this issue


Winning Option

  • I support prohibiting an overdraft coverage fee if the overdraft results solely from a debit hold amount that exceeds the actual dollar amount of the transaction; requiring banks to provide consumers who have not consented to participate in an overdraft coverage program transaction accounts with the same terms as those provided to consumers who have to participate in such a program; prohibiting a depository institution from charging consented a non-sufficient fund fee for any ATM or debit card transaction; prohibiting a bank from reporting negative information regarding consumer use of overdraft coverage to any consumer reporting agency when the overdraft amounts and coverage fees are paid under the terms of an overdraft coverage program, and wish to either reintroduce H.R.1261 - Overdraft Protection Act of 2013 (113th Congress 2013-2014), or a similar version thereof, and also wish to donate resources to the campaign committee of Rep. Carolyn Maloney (NY) or to an advocate group currently working with this issue
You May Pledge Your Support For This Issue With A Monetary
Donation And By Writing A Letter To Your Representatives
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Pledge Period - Opening Date
April 2, 2020
Pledge Period - Closing Date
April 15, 2020
Trustee Election - Begins
April 9, 2020


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