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Capital One has become the nation's largest bank to end overdraft fees for all of its customers. Federal regulators are taking a hard look at bank overdraft fees, which hit customers with lower incomes the hardest. Richard Drew/AP hide caption

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Richard Drew/AP

Your Money

People hate overdraft fees. Capital One is ditching them and other banks may follow

Capital One says it will stop charging overdraft fees and Bank of America is reducing them. These hefty fees hit people with low incomes the hardest.

A crowd gathers as Nobel laureate John Mather and Northrop Grumman engineer Scott Willoughby speak in front of a model of NASA's James Webb Space Telescope at South by Southwest on March 9, 2013. Alex Evers hide caption

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Alex Evers

Who gets to use NASA's James Webb Space Telescope? Astronomers work to fight bias

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Capital One has become the nation's largest bank to end overdraft fees for all of its customers. Federal regulators are taking a hard look at bank overdraft fees, which hit customers with lower incomes the hardest. Richard Drew/AP hide caption

toggle caption
Richard Drew/AP

People hate overdraft fees. Banks are ditching or reducing them

  • Download
  • <iframe src="https://www.npr.org/player/embed/1071860136/1072019369" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

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