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  • STUDENT LOANS
  • OVERDRAFT FEES
  • CREDIT CARD FEES
Winning Issue » OVERDRAFT FEES


Overdrawing bank accounts cost consumers an average of $225 in overdraft fees each year, and more than double that amount for those who chronically overdraw their account. Currently, the average NSF fee is $33.36. These non-sufficient fund fees (NSF) provide banks with at least 60% of all consumer checking account revenue, or about $34 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 others charge for any amount overdrawn. 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.

Proposed Legislation: Reintroduction of H.R.4277 - Overdraft Protection Act of 2021
Prospective Sponsor: Rep. Carolyn Maloney (NY)



Polling Options

  • I oppose reforming current bank account overdraft fee policy, and wish to donate resources to the campaign committee of Speaker Mike Johnson (LA) .
  • I support: 1.) Prompt notification of an account's overdraft status. 2.) Limiting the number of overdraft fees a consumer may be charged each month and year and providing that such fees must be reasonable. 3.) Prohibiting an overdraft coverage fee if the overdraft results solely from a debit hold amount that exceeds the actual dollar amount of the transaction. 4.) Prohibiting a depository institution from charging a NSF fee for any debit card transaction, or 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 donate resources to the campaign committee of Rep. Carolyn Maloney (NY) and/or to an advocate group currently working with this issue.


Winning Option

  • I support:
    1.) Prompt notification of an account's overdraft status.

    2.) Limiting the number of overdraft fees a consumer may be charged each month and year and providing that such fees must be reasonable.

    3.) Prohibiting an overdraft coverage fee if the overdraft results solely from a debit hold amount that exceeds the actual dollar amount of the transaction.

    4.) Prohibiting a depository institution from charging a NSF fee for any debit card transaction, or 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 donate resources to the campaign committee of Rep. Carolyn Maloney (NY) and/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 29, 2024
Pledge Period - Closing Date
May 5, 2024
Trustee Election - Begins
May 6, 2024


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